Published on 9/30/2010 in the Prospect News Municipals Daily.
New Issue: Economic Development Authority of Roanoke, Va., sells $95.74 million revenue bonds
By Sheri Kasprzak
New York, Sept. 30 - The Economic Development Authority of the City of Roanoke, Va., priced $95.74 million in series 2010 hospital revenue refunding bonds for the Carilion Clinic Obligated Group, according to a pricing sheet.
The bonds were sold through senior managers Goldman, Sachs & Co., Barclays Capital Inc. and Citigroup Global Markets Inc. The co-managers were Bank of America Merrill Lynch, SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC.
The bonds are due 2025 and 2033. The 2025 bonds have a 5% coupon priced at 105.553, and the 2033 bonds have a 5% coupon priced at 103.021.
Proceeds will be used to refund the obligated group's series 2003 bonds.
| Issuer: | Economic Development Authority of the City of Roanoke/Carilion Clinic Obligated Group
|
| Issue: | Series 2010 hospital revenue refunding bonds
|
| Amount: | $95.74 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co., Barclays Capital Inc. and Citigroup Global Markets Inc. (lead), Bank of America Merrill Lynch, SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC (co-managers)
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 13
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $48.625 million | 2025 | Term | 5% | 105.553
|
| $47.115 million | 2033 | Term | 5% | 103.021
|
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