By Sheri Kasprzak
New York, July 25 - The University of Alabama at Birmingham came to market with $65 million of series 2012C hospital revenue bonds, according to a preliminary official statement.
The bonds (/A-1/) were sold through Bank of America Merrill Lynch.
The bonds are due Sept. 1, 2042 and bear interest at the weekly rate.
Proceeds will be used to refinance existing debt.
| Issuer: | University of Alabama at Birmingham
|
| Issue: | Series 2012C hospital revenue bonds
|
| Amount: | $65 million
|
| Maturity: | Sept. 1, 2042
|
| Coupon: | Weekly
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch
|
| Ratings: | Standard & Poor's: A-1
|
| Fitch: A+
|
| Pricing date: | July 23
|
| Settlement date: | July 31
|
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