Published on 11/1/2013 in the Prospect News Municipals Daily.
New Issue: Pulaski County Public Facilities, Ark., sells $50.8 million Carti debt
By Sheri Kasprzak
New York, Nov. 1 - The Pulaski County Public Facilities Board of Arkansas priced $50,775,000 of series 2013 health facilities revenue bonds for the Central Arkansas Radiation Therapy Institute Inc., or Carti project, according to an official statement.
The bonds (//BBB+) were sold through Raymond James/Morgan Keegan.
The bonds are due 2015 to 2028 with term bonds due in 2033 and 2043. The serial coupons range from 3% to 5.25% with 1% to 4.87% yields. The 2033 bonds have a 5.25% coupon to yield 5.33%, and the 2043 bonds have a 5.5% coupon to yield 5.65%.
Proceeds will be used to finance the construction of a 170,000 square-foot multi-story cancer treatment center with clinic, imaging, research, pharmacy, genetics, support program and associated facilities in Little Rock, Ark.
| Issuer: | Pulaski County Public Facilities Board/Carti project
|
| Issue: | Series 2013 health facilities revenue bonds
|
| Amount: | $50,775,000
|
| Type: | Negotiated
|
| Underwriters: | Raymond James/Morgan Keegan (lead)
|
| Rating: | Fitch: BBB+
|
| Pricing date: | Oct. 23
|
| Settlement date: | Nov. 6
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $855,000 | 2015 | Serial | 3% | 1.00%
|
| $885,000 | 2016 | Serial | 4% | 1.33%
|
| $920,000 | 2017 | Serial | 4% | 1.80%
|
| $955,000 | 2018 | Serial | 4% | 2.22%
|
| $995,000 | 2019 | Serial | 4% | 2.69%
|
| $1,035,000 | 2020 | Serial | 4% | 3.12%
|
| $1.08 million | 2021 | Serial | 4% | 3.52%
|
| $1,125,000 | 2022 | Serial | 4% | 3.80%
|
| $1.17 million | 2023 | Serial | 4% | 4.06%
|
| $1,225,000 | 2024 | Serial | 5.25% | 4.23%
|
| $1,285,000 | 2025 | Serial | 4.125% | 4.41%
|
| $1.34 million | 2026 | Serial | 4.25% | 4.55%
|
| $1,405,000 | 2027 | Serial | 5.25% | 4.73%
|
| $1.48 million | 2028 | Serial | 5.25% | 4.87%
|
| $8,685,000 | 2033 | Term | 5.25% | 5.33%
|
| $26,335,000 | 2043 | Term | 5.5% | 5.65%
|
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