Published on 5/18/2015 in the Prospect News Municipals Daily.
New Issue: Charity Health System, N.Y., sells $122.32 million taxable bonds
By Sheri Kasprzak
New York, May 18 – The Charity Health System Obligated Group of New York priced $122,319,000 of series 2015 taxable bonds, according to an official statement.
The offering included $38.64 million of series 2015A bonds and $83,679,000 of series 2015B bonds.
The 2015A bonds are due Nov. 1, 2025 and have a 5.25% coupon priced at 100.003, and the 2015B bonds are due Nov. 1, 2035 and have a 6.25% coupon priced at 100.004.
The bonds (Baa1/BBB/) were sold through Wells Fargo Securities LLC.
Proceeds will be used for general corporate purposes.
| Issuer: | Charity Health System Obligated Group
|
| Issue: | Series 2015 taxable bonds
|
| Amount: | $122,319,000
|
| Type: | Negotiated
|
| Underwriter: | Wells Fargo Securities LLC
|
| Ratings: | Moody’s: Baa1
|
| Standard & Poor’s: BBB
|
| Pricing date: | May 14
|
| Settlement date: | May 19
|
|
|
| $38.64 million series 2015A bonds
|
| Maturity | Type | Coupon | Price
|
| Nov. 1, 2025 | Term | 5.25% | 100.003
|
|
|
| $83,679,000 series 2015B bonds
|
| Maturity | Type | Coupon | Price
|
| Nov. 1, 2035 | Term | 6.25% | 100.004
|
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