Published on 7/29/2014 in the Prospect News Municipals Daily.
New Issue: Florence, S.C., sells $65 million McLeod Regional Medical Center bonds
By Sheri Kasprzak
New York, July 29 – The City of Florence, S.C., sold $65 million of series 2014 hospital revenue refunding bonds for the McLeod Regional Medical Center, according to a pricing sheet.
The bonds were sold through J.P. Morgan Securities LLC.
The bonds are due 2016 to 2034 with 2% to 5% coupons and 0.44% to 3.6% yields.
Proceeds will be used to refund outstanding bonds.
| Issuer: | Florence, S.C./McLeod Regional Medical Center
|
| Issue: | Series 2014 hospital revenue refunding bonds
|
| Amount: | $65 million
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 7
|
|
|
| Maturity | Type | Coupon | Price | Yield
|
| 2016 | Serial | 2% | 103.462 | 0.44%
|
| 2017 | Serial | 3% | 107.14 | 0.76%
|
| 2018 | Serial | 4% | 111.785 | 1.14%
|
| 2019 | Serial | 4% | 112.214 | 1.56%
|
| 2020 | Serial | 5% | 118.203 | 1.89%
|
| 2021 | Serial | 5% | 119.142 | 2.13%
|
| 2022 | Serial | 5% | 119.398 | 2.39%
|
| 2023 | Serial | 5% | 119.856 | 2.57%
|
| 2024 | Serial | 5% | 120.143 | 2.73%
|
| 2025 | Serial | 5% | 118.767 | 2.87%
|
| 2026 | Serial | 5% | 117.41 | 3.01%
|
| 2027 | Serial | 5% | 116.452 | 3.11%
|
| 2028 | Serial | 5% | 115.597 | 3.20%
|
| 2029 | Serial | 5% | 114.844 | 3.28%
|
| 2030 | Serial | 5% | 114.19 | 3.35%
|
| 2031 | Serial | 5% | 113.54 | 3.42%
|
| 2032 | Serial | 5% | 112.895 | 3.49%
|
| 2033 | Serial | 5% | 112.345 | 3.55%
|
| 2034 | Serial | 5% | 111.89 | 3.60%
|
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