Published on 8/25/2015 in the Prospect News Municipals Daily.
New Issue: Birmingham Special Care, Ala., sells $153.89 million health care bonds
By Sheri Kasprzak
New York, Aug. 25 – The Special Care Facilities Authority of Birmingham, Ala., sold $153.89 million of series 2015 health care facility revenue bonds for Children’s Hospital, according to a pricing sheet.
The bonds (A1/A+) were sold through Wells Fargo Securities LLC.
The bonds are due 2023 to 2034 with 4% to 5% coupons.
Proceeds will be used to refund the authority’s series 2009 revenue bonds.
| Issuer: | Special Care Facilities Authority of Birmingham/Children’s Hospital
|
| Issue: | Series 2015 health care facility revenue bonds
|
| Amount: | $153.89 million
|
| Type: | Negotiated
|
| Underwriter: | Wells Fargo Securities LLC
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: A+
|
| Pricing date: | Aug. 25
|
| Settlement date: | Sept. 10
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $9,615,000 | 2023 | Serial | 5% | 117.46
|
| $10.11 million | 2024 | Serial | 5% | 118.28
|
| $10.63 million | 2025 | Serial | 5% | 118.612
|
| $11,175,000 | 2026 | Serial | 5% | 117.217
|
| $11,745,000 | 2027 | Serial | 5% | 115.933
|
| $12.35 million | 2028 | Serial | 5% | 114.666
|
| $12.98 million | 2029 | Serial | 5% | 113.86
|
| $13.65 million | 2030 | Serial | 5% | 113.061
|
| $14,345,000 | 2031 | Serial | 5% | 112.356
|
| $11.93 million | 2032 | Serial | 4% | 99.874
|
| $3.09 million | 2032 | Serial | 5% | 111.918
|
| $15.73 million | 2033 | Serial | 5% | 111.483
|
| $16.54 million | 2034 | Serial | 5% | 111.135
|
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