Published on 11/29/2012 in the Prospect News Municipals Daily.
New Issue: Albany-Dougherty County Hospital, Ga., sells $110.94 million of Phoebe Putney bonds
By Sheri Kasprzak
New York, Nov. 29 - The Albany-Dougherty County Hospital Authority of Georgia priced $110,935,000 of series 2012 revenue anticipation certificates for the Phoebe Putney Memorial Hospital, according to a pricing sheet.
The bonds (Aa3/AA-/) were sold through Bank of America Merrill Lynch.
The bonds are due 2013 to 2032 with term bonds due in 2037 and 2042. The serial coupons range from 0.55% to 5%. The 2037 bonds have a 4% coupon and were not reoffered and the 2042 bonds have a 4% coupon and were not reoffered.
Proceeds will be used to finance renovations at the hospital in Albany, Ga.
Issuer: | Albany-Dougherty County Hospital Authority/Phoebe Putney Memorial Hospital
|
Issue: | Series 2012 revenue anticipation certificates
|
Amount: | $110,935,000
|
Type: | Negotiated
|
Underwriters: | Bank of America Merrill Lynch (lead), Morgan Stanley & Co. LLC and Raymond James/Morgan Keegan (co-managers)
|
Rating: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
Pricing date: | Nov. 29
|
Settlement date: | Dec. 13
|
|
Amount | Maturity | Type | Coupon | Price
|
$1,725,000 | 2013 | Serial | 0.55% | 100
|
$2.31 million | 2014 | Serial | 2% | 102.297
|
$2,335,000 | 2015 | Serial | 4% | 108.839
|
$2,525,000 | 2016 | Serial | 3% | 106.992
|
$2,665,000 | 2017 | Serial | 5% | 117.529
|
$2,835,000 | 2018 | Serial | 5% | 119.525
|
$2,875,000 | 2019 | Serial | 4% | 114.343
|
$2,715,000 | 2020 | Serial | 3% | 106.949
|
$1,115,000 | 2021 | Serial | 5% | 121.853
|
$1,235,000 | 2022 | Serial | 4% | 113.537
|
$1.35 million | 2023 | Serial | 5% | NRO
|
$1,445,000 | 2024 | Serial | 5% | NRO
|
$1,555,000 | 2025 | Serial | 5% | NRO
|
$1,675,000 | 2026 | Serial | 4% | NRO
|
$1,805,000 | 2027 | Serial | 5% | NRO
|
$1,955,000 | 2028 | Serial | 3% | 99.245
|
$2.13 million | 2029 | Serial | 5% | NRO
|
$2,315,000 | 2030 | Serial | 3% | 97.684
|
$2,515,000 | 2031 | Serial | 3.125% | 98.518
|
$2,725,000 | 2032 | Serial | 3.25% | 98.983
|
$15,245,000 | 2037 | Term | 4% | NRO
|
$53,885,000 | 2042 | Term | 4% | NRO
|
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