By Sheri Kasprzak
New York, Oct. 31 - The Missouri Health and Educational Facilities Authority sold $100 million of series 2013C variable-rate revenue bonds for BJC Health System, according to an official statement.
The bonds (Aa2/P-1/AA/A-1+/) were sold through RBC Capital Markets LLC.
The bonds are due Jan. 1, 2050 and bear interest at the Windows rate plus 7 basis points.
Proceeds will be loaned to BJC to finance, refinance and reimburse the system for the construction, demolition, improvement, rehabilitation and renovation of health care facilities throughout the state.
| Issuer: | Missouri Health and Educational Facilities Authority/BJC Health System
|
| Issue: | Series 2013C variable-rate revenue bonds
|
| Amount: | $100 million
|
| Maturity: | Jan. 1, 2050
|
| Coupon: | Windows rate plus 7 bps
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets LLC (sole)
|
| Ratings: | Moody's: Aa2/P-1
|
| Standard & Poor's: AA/A-1+
|
| Pricing date: | Oct. 29
|
| Settlement date: | Oct. 31
|
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