By Sheri Kasprzak
New York, Nov. 15 - The California Health Facilities Financing Authority sold $100 million of series 2011 revenue bonds for Rady Children's Hospital, according to a pricing sheet.
The bonds (A2//A+) were sold through Bank of America Merrill Lynch with Morgan Stanley & Co. LLC and US Bancorp Inc. as the co-managers.
The bonds are due 2013 to 2022 with term bonds due in 2026, 2031, 2033 and 2041. The serial coupons range from 3.25% to 5%. The 2026 bonds have a 5.5% coupon priced at 105.542, and the 2031 bonds have a 5% coupon priced at 97.302. The 2033 bonds have a 5.5% coupon priced at 102.029, and the 2041 bonds have a 5.25% coupon priced at 97.35.
Proceeds will be used to finance or refinance the construction, acquisition and equipment of certain Rady Children's Hospital facilities.
| Issuer: | California Health Facilities Financing Authority/Rady Children's Hospital
|
| Issue: | Series 2011 revenue bonds
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead), Morgan Stanley & Co. LLC and US Bancorp Inc. (co-managers)
|
| Ratings: | Moody's: A2
|
| Fitch: A+
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 22
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.545 million | 2013 | Serial | 3.25% | 103.168
|
| $1.565 million | 2014 | Serial | 3.5% | 104.617
|
| $1.625 million | 2015 | Serial | 3.75% | 105.409
|
| $1.69 million | 2016 | Serial | 4% | 106.099
|
| $1.76 million | 2017 | Serial | 5% | 110.731
|
| $1.845 million | 2018 | Serial | 3% | 98.14
|
| $1.905 million | 2019 | Serial | 4.75% | 108.045
|
| $1.97 million | 2020 | Serial | 5% | 108.607
|
| $2.13 million | 2021 | Serial | 5% | 108.24
|
| $1.14 million | 2022 | Serial | 4% | 98.791
|
| $1.065 million | 2022 | Serial | 5% | 106.824
|
| $9.985 million | 2026 | Term | 5.5% | 105.542
|
| $17.37 million | 2031 | Term | 5% | 97.302
|
| $8.82 million | 2033 | Term | 5.5% | 102.029
|
| $45.585 million | 2041 | Term | 5.25% | 97.35
|
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