By Sheri Kasprzak
New York, Nov. 14 - The Florida Development Finance Corp. offered $59,405,000 of series 2013B health care facilities floating-rate bonds for the UF Health-Jacksonville project, according to an official statement.
The bonds (Baa3//BBB+) were offered through BofA Merrill Lynch.
The bonds are due 2029 and initially bear interest at the weekly rate with the first determination date set for Nov. 27.
Proceeds will be used to refund the health care system's series 2013A revenue bonds, which were issued to finance capital projects.
| Issuer: | Florida Development Finance Corp./UF Health-Jacksonville
|
| Issue: | Series 2013B health care facilities floating-rate bonds
|
| Amount: | $59,405,000
|
| Maturity: | Feb. 1, 2029
|
| Coupon: | Weekly rate
|
| Price: | 100
|
| First determination date: | Nov. 27
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch
|
| Ratings: | Moody's: Baa3
|
| Fitch: BBB+
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 21
|
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