Published on 7/16/2014 in the Prospect News Municipals Daily.
New Issue: California Health Facilities sells $118.93 million Providence bonds
By Sheri Kasprzak
New York, July 16 – The California Health Facilities Finance Authority sold $118,925,000 of series 2014B revenue bonds for the Providence Health and Services, according to a pricing sheet.
The bonds (/AA-/) were sold through BofA Merrill Lynch.
The bonds are due in 2044 and have a 4.25% coupon priced at par and a 5% coupon priced at 118.8.
Proceeds will be used to finance capital improvements and facility upgrades for Providence Health and Services properties.
| Issuer: | California Health Facilities Finance Authority/Providence Health and Services
|
| Issue: | Series 2014B revenue bonds
|
| Amount: | $118,925,000
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch (lead)
|
| Rating: | Standard & Poor’s: AA-
|
| Pricing date: | July 16
|
| Settlement date: | Aug. 6
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $32.1 million | 2044 | Term | 4.25% | 100
|
| $86,825,000 | 2044 | Term | 5% | 118.8
|
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