By Sheri Kasprzak
New York, Dec. 15 - The Maryland Health and Higher Educational Facilities Authority priced $124.995 million of series 2010 facilities revenue bonds for Charlestown Community Inc., according to a pricing sheet.
The bonds (//A) were sold on a negotiated basis with Ziegler Capital Markets Inc. as the lead manager and RBC Capital Markets Corp. and M&T Securities Inc. as the co-manager.
The bonds are due 2012 to 2022 with term bonds due 2030, 2041 and 2045. The serial coupons range from 2.25% to 5.5%. The 2030 bonds have a 6.125% coupon to yield 6.2%, and the 2041 bonds have a 6.25% coupon to yield 6.45%. The 2045 bonds have a 6.25% coupon to yield 6.5%.
Proceeds will be used to expand, equip and renovate apartments and facilities for Charlestown Community's retirement communities in Baltimore.
| Issuer: | Maryland Health and Higher Educational Facilities Authority/Charlestown Community Inc.
|
| Issue: | Series 2010 facilities revenue bonds
|
| Amount: | $124.995 million
|
| Type: | Negotiated
|
| Underwriters: | Ziegler Capital Markets Inc. (lead), RBC Capital Markets Corp. and M&T Securities Inc. (co-managers)
|
| Rating: | Fitch: A
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 15
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $1.345 million | 2012 | Serial | 2.25% | 2.4%
|
| $1.375 million | 2013 | Serial | 2.65% | 2.8%
|
| $1.415 million | 2014 | Serial | 3% | 3.15%
|
| $1.46 million | 2015 | Serial | 3.3% | 3.4%
|
| $1.51 million | 2016 | Serial | 3.5% | 3.75%
|
| $1.58 million | 2017 | Serial | 5% | 4.25%
|
| $1.66 million | 2018 | Serial | 5% | 4.5%
|
| $1.745 million | 2019 | Serial | 5% | 4.85%
|
| $1.835 million | 2020 | Serial | 5.25% | 5.1%
|
| $1.935 million | 2021 | Serial | 5.5% | 5.28%
|
| $2.045 million | 2022 | Serial | 5.5% | 5.4%
|
| $21.71 million | 2030 | Term | 6.125% | 6.2%
|
| $54.33 million | 2041 | Term | 6.25% | 6.45%
|
| $31.05 million | 2045 | Term | 6.25% | 6.5%
|
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