New Issue: Yuma Regional Medical, Ariz., prices $72.46 million of hospital bonds

By Sheri Kasprzak

New York, Jan. 24 - The Yuma Industrial Development Authority of Arizona sold $72.46 million of series 2014A hospital revenue bonds for the Yuma Regional Medical Center, according to a pricing sheet.

The bonds (/A-/) were sold through underwriter BofA Merrill Lynch.

The bonds are due 2019 to 2029 with a term bond due in 2032. The serial coupons range from 4.25% to 5%. The 2032 bonds have a 5% coupon priced at 99.521 and a 5.25% coupon priced at 104.223.

Proceeds will be used to construct a new emergency department, make improvements to other departments, expand the women's and children's department, make central plant upgrades and construct a parking structure at the medical center.

Issuer:	Yuma Industrial Development Authority/Yuma Regional Medical Center
Issue:	Series 2014A hospital revenue bonds
Amount:	$72.46 million
Type:	Negotiated
Underwriter:	BofA Merrill Lynch (sole)
Rating:	Standard & Poor's: A-
Pricing date:	Jan. 23
Settlement date:	Feb. 5
Amount	Maturity	Type	Coupon	Price/Yield
$3,705,000	2019	Serial	5%	113.571
$3.89 million	2020	Serial	5%	112.528
$4,085,000	2021	Serial	5%	111.198
$4,285,000	2022	Serial	5%	109.472
$4.5 million	2023	Serial	5%	108.324
$4,725,000	2024	Serial	5%	107.433
$4,965,000	2025	Serial	5%	4.30%
$5.21 million	2026	Serial	4.25%	97.351
$5.43 million	2027	Serial	5%	4.65%
$5,705,000	2028	Serial	4.5%	97.402
$5.96 million	2029	Serial	5%	4.84%
$10 million	2032	Term	5%	99.521
$10 million	2032	Term	5.25%	104.223

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