By Sheri Kasprzak
New York, Oct. 11 - The South Dakota Health and Educational Facilities Authority priced $120 million of series 2012E revenue bonds for Sanford Health, said a pricing sheet.
The bonds were sold through Cain Brothers.
The bonds are due in 2037 and 2042.
The 2037 bonds have a 5% coupon priced at 109.47. The 2042 bonds have a split maturity with a 4% coupon priced at 98.282 and a 5% coupon priced at 108.863.
Proceeds will be used to finance a loan to the health care system to construct, acquire, equip and renovate an acute-care hospital and clinic facility in Thief River Falls, Minn., as well as other facilities.
| Issuer: | South Dakota Health and Educational Facilities Authority/Sanford Health
|
| Issue: | Series 2012E revenue bonds
|
| Amount: | $120 million
|
| Type: | Negotiated
|
| Underwriter: | Cain Brothers (lead)
|
| Pricing date: | Oct. 11
|
| Settlement date: | Nov. 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $35,295,000 | 2037 | Term | 5% | 109.47
|
| $20 million | 2042 | Term | 4% | 98.282
|
| $64,705,000 | 2042 | Term | 5% | 108.863
|
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