Published on 12/13/2012 in the Prospect News Municipals Daily.
New Issue: Fairfax County IDA, Va., sells $70.4 million Inova Health revenue bonds
By Sheri Kasprzak
New York, Dec. 13 - The Industrial Development Authority of Fairfax County, Va., sold $70,395,000 of series 2012D health care revenue bonds for Inova Health System, according to a pricing sheet.
The bonds (Aa2/AA+/) were sold through Morgan Stanley & Co. LLC.
The bonds are due 2027 to 2029 with 3% to 5% coupons.
Proceeds will be used to refund existing debt.
| Issuer: | Industrial Development Authority of Fairfax County, Va./Inova Health System
|
| Issue: | Series 2012D health care revenue bonds
|
| Amount: | $70,395,000
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 20
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $22.22 million | 2027 | Serial | 5% | 119.626
|
| $23,565,000 | 2028 | Serial | 5% | 119.076
|
| $2,985,000 | 2029 | Serial | 3% | 99.356
|
| $21,625,000 | 2029 | Serial | 4% | 108.137
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
