By Cristal Cody
Eureka Springs, Ark., April 25 – Ascension Health Alliance sold $700 million of 3.945% 30-year bonds (Aa2/AA+) with a spread of Treasuries plus 122 basis points on Monday, according to a market source.
The bonds (Aa2/AA+) priced on the tight side of guidance of Treasuries plus 125 bps, plus or minus 5 bps.
Morgan Stanley & Co. LLC was the bookrunner.
Ascension Health is a St. Louis-based nonprofit health care system.
| Issuer: | Ascension Health Alliance
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| Amount: | $700 million
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| Maturity: | Nov. 15, 2046
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| Securities: | Bonds
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| Bookrunner: | Morgan Stanley & Co. LLC
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| Coupon: | 3.945%
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| Spread: | Treasuries plus 122 bps
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| Trade date: | April 25
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| Ratings: | Moody’s: Aa2
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| Standard & Poor’s: AA+
|
| Price guidance: | Treasuries plus 125 bps, plus or minus 5 bps
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