By Sheri Kasprzak
New York, Aug. 28 - The West Virginia Hospital Finance Authority sold $179.07 million in series 2009A hospital revenue refunding and improvement bonds for the Charleston Medical Center on Thursday, said a pricing sheet released Friday.
The bonds (A2) were sold through lead managers Merrill Lynch & Co. Inc. and BB&T Capital Markets Inc.
The bonds are due 2010 to 2021 with term bonds due 2023, 2025, 2028 and 2032. Coupons on the bonds range from 3% to 5.625%.
Proceeds will be used to refund Charleston Medical Center's outstanding series 2002 bonds, as well as to pay fees associated with a swap termination agreement.
| Issuer: | West Virginia Hospital Finance Authority/Charleston Medical Center
|
| Issue: | Series 2009A hospital revenue refunding and improvement bonds
|
| Amount: | $179.07 million
|
| Type: | Negotiated
|
| Underwriters: | Merrill Lynch & Co. Inc. and BB&T Capital Markets Inc.
|
| Rating: | Moody's: A2
|
| Pricing date: | Aug. 27
|
| Settlement date: | Sept. 10
|
|
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 3% | 100.960
|
| 2011 | Serial | 3% | 100.899
|
| 2012 | Serial | 3% | 99.774
|
| 2013 | Serial | 3.5% | 100.147
|
| 2013 | Serial | 5% | 105.673
|
| 2014 | Serial | 3.75% | 99.506
|
| 2014 | Serial | 5% | 105.114
|
| 2015 | Serial | 4% | 99.474
|
| 2015 | Serial | 5% | 104.726
|
| 2016 | Serial | 4.125% | 98.599
|
| 2017 | Serial | 5% | 102.577
|
| 2018 | Serial | 4.75% | 99.494
|
| 2018 | Serial | 5% | 101.298
|
| 2019 | Serial | 5% | 100.000
|
| 2020 | Serial | 5% | 98.918
|
| 2021 | Serial | 5.125% | 98.898
|
| 2023 | Term | 5.125% | 96.563
|
| 2025 | Term | 5.5% | 98.951
|
| 2028 | Term | 5.5% | 97.358
|
| 2032 | Term | 5.625% | 97.421
|
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