By Sheri Kasprzak
New York, Nov. 16 - The Illinois Finance Authority priced $145.62 million of series 2012 revenue bonds for Advocate Health Care Network, according to a pricing sheet.
The bonds (Aa2/AA/AA) were sold through Citigroup Global Markets Inc.
The bonds are due in 2042 and 2047. The 2042 bonds have a 5% coupon priced at 113.337 and the 2047 bonds have a 4% coupon priced at 99.443.
Proceeds will be used to finance, refinance or reimburse the health care network for the construction, equipment and renovation of Advocate facilities.
| Issuer: | Illinois Finance Authority/Advocate Health Care Network
|
| Issue: | Series 2012 revenue bonds
|
| Amount: | $145.62 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (lead), Loop Capital Markets LLC and Cabrera Capital Markets LLC (co-managers)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | Nov. 15
|
| Settlement date: | Nov. 29
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $37.39 million | 2042 | Term | 5% | 113.337
|
| $108.23 million | 2047 | Term | 4% | 99.443
|
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