Published on 6/6/2012 in the Prospect News Municipals Daily.
New Issue: Children's Hospital of Dallas brings $158.85 million of revenue bonds
By Sheri Kasprzak
New York, June 6 - The North Central Texas Health Facilities Development Corp. priced $158.85 million of series 2012 hospital revenue bonds for the Children's Hospital of Dallas, according to a pricing sheet.
The bonds (Aa3//AA) were sold through Goldman, Sachs & Co. and J.P. Morgan Securities LLC. The co-managers were Estrada Hinojosa & Co. and Siebert Brandford Shank & Co. LLC.
The bonds are due 2013 to 2027 with a term bond due in 2032. The serial coupons range from 3.25% to 5%. The 2032 bonds have a split maturity with a 4.125% coupon priced at par and a 5% coupon priced at 117.405.
Proceeds will be used to current refund the corporation's series 2002 revenue bonds issued for the Children's Hospital of Dallas.
| Issuer: | North Central Texas Health Facilities Development Corp./Children's Hospital of Dallas
|
| Issue: | Series 2012 hospital revenue bonds
|
| Amount: | $158.85 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. and J.P. Morgan Securities LLC (lead), Estrada Hinojosa & Co. and Siebert Brandford Shank & Co. LLC (co-managers)
|
| Ratings: | Moody's: Aa3
|
| Fitch: AA
|
| Pricing date: | June 5
|
| Settlement date: | June 21
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,305,000 | 2013 | Serial | 5% | 104.974
|
| $1.37 million | 2014 | Serial | 5% | 108.687
|
| $1,435,000 | 2015 | Serial | 5% | 111.941
|
| $2,535,000 | 2016 | Serial | 5% | 115.074
|
| $6.48 million | 2017 | Serial | 5% | 117.282
|
| $6,805,000 | 2018 | Serial | 5% | 118.484
|
| $7,145,000 | 2019 | Serial | 5% | 119.377
|
| $7.5 million | 2020 | Serial | 5% | 119.712
|
| $4 million | 2021 | Serial | 3.25% | 105.594
|
| $3,875,000 | 2021 | Serial | 5% | 119.788
|
| $8.2 million | 2022 | Serial | 5% | 119.707
|
| $8.61 million | 2023 | Serial | 5% | 118.414
|
| $9.04 million | 2024 | Serial | 5% | 117.667
|
| $9.49 million | 2025 | Serial | 5% | 117.428
|
| $9.97 million | 2026 | Serial | 5% | 116.866
|
| $10,465,000 | 2027 | Serial | 5% | 116.745
|
| $20 million | 2032 | Term | 4.125% | 100
|
| $40,625,000 | 2032 | Term | 5% | 117.405
|
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