Published on 9/10/2014 in the Prospect News Municipals Daily.
New Issue: Douglas County Hospital, Neb., sells $80.17 million Madonna Rehab bonds
By Sheri Kasprzak
New York, Sept. 10 – The Douglas County Hospital Authority No. 2 of Nebraska sold $80.17 million of series 2014 hospital revenue bonds for the Madonna Rehabilitation Hospital, according to a pricing sheet.
The bonds (/BBB+/) were sold through Wells Fargo Securities LLC and Smith Hayes Financial Services Corp.
The bonds are due 2016 to 2030 with term bonds due in 2033, 2036 and 2044. The serial coupons range from 2% to 5%. The 2033 bonds have a 4% coupon priced at 98.573, and the 2036 bonds have a 5% coupon priced at 107.514. The 2044 bonds have a 5% coupon priced at 107.019.
Proceeds will be used to construct, equip, acquire and improve a 260,000 square-foot rehabilitation facility in Omaha.
| Issuer: | Douglas County Hospital Authority No. 2/Madonna Rehabilitation Hospital
|
| Issue: | Series 2014 hospital revenue bonds
|
| Amount: | $80.17 million
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities LLC and Smith Hayes Financial Services Corp.
|
| Rating: | Standard & Poor’s: BBB+
|
| Pricing date: | Sept. 10
|
| Settlement date: | Sept. 25
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.31 million | 2016 | Serial | 3% | 103.807
|
| $1.35 million | 2017 | Serial | 4% | 107.792
|
| $1,405,000 | 2018 | Serial | 2% | 102.156
|
| $1.43 million | 2019 | Serial | 5% | 114.322
|
| $1.5 million | 2020 | Serial | 2% | 99.101
|
| $975,000 | 2021 | Serial | 2.5% | 99.755
|
| $10,555,000 | 2021 | Serial | 5% | 114.938
|
| $1,585,000 | 2022 | Serial | 5% | 114.366
|
| $1,665,000 | 2023 | Serial | 3% | 99.244
|
| $1,715,000 | 2024 | Serial | 3% | 97.942
|
| $915,000 | 2025 | Serial | 3.125% | 97.646
|
| $850,000 | 2025 | Serial | 5% | 113.14
|
| $1,835,000 | 2026 | Serial | 5% | 112.352
|
| $1.93 million | 2027 | Serial | 5% | 111.571
|
| $2,025,000 | 2028 | Serial | 5% | 110.711
|
| $2,125,000 | 2029 | Serial | 5% | 110.028
|
| $2.23 million | 2030 | Serial | 5% | 109.52
|
| $7,315,000 | 2033 | Term | 4% | 98.573
|
| $8.31 million | 2036 | Term | 5% | 107.514
|
| $29,145,000 | 2044 | Term | 5% | 107.019
|
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