By Sheri Kasprzak
New York, May 7 - The Massachusetts Development Finance Agency sold $137,385,000 of series 2014P revenue bonds for Children's Hospital, according to a pricing sheet. The deal was upsized from $140,145,000.
The bonds (Aa2/AA/) were sold through senior manager Goldman Sachs & Co.
The bonds are due 2031 to 2034 with a term bond due in 2046. The serial bonds have 5% coupons. The 2046 bonds have a 5% coupon priced at 110.104.
Proceeds will be used to finance the improvement of the main building at the hospital's campus, including a pharmacy, surgery, radiology, neuro-imaging and emergency services, as well as to expand research laboratories and support space.
| Issuer: | Massachusetts Development Finance Agency/Children's Hospital
|
| Issue: | Series 2014P revenue bonds
|
| Amount: | $137,385,000
|
| Type: | Negotiated
|
| Underwriter: | Goldman Sachs & Co.
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | May 7
|
| Settlement date: | May 21
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $9,665,000 | 2031 | Serial | 5% | 114.528
|
| $10.45 million | 2032 | Serial | 5% | 113.776
|
| $8.03 million | 2033 | Serial | 5% | 113.123
|
| $9.24 million | 2034 | Serial | 5% | 112.567
|
| $100 million | 2046 | Term | 5% | 110.104
|
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