By Sheri Kasprzak
New York, May 15 - The Nationwide Children's Hospital in Ohio priced $68.16 million in series 2008F and 2008G variable-rate demand hospital revenue refunding bonds Thursday, according to a final official statement.
The bonds (Aa2/VMIG1//) were sold on a negotiated basis with NatCity Investments and JPMorgan as the underwriters.
The bonds were sold through Franklin County, Ohio.
The series 2008F bonds are due May 1, 2031, and the 2008G bonds are due May 1, 2029.
Both series of bonds bear interest at the weekly rate initially. The initial rate could not be determined by press time Thursday.
Proceeds from the deal will be used to refund the hospital's outstanding series 2005A and series 2005B variable-rate demand hospital revenue refunding bonds.
| Issuer: | Nationwide Children's Hospital/Franklin County, Ohio
|
| Issue: | Series 2008F and 2008G variable-rate demand hospital revenue refunding bonds
|
| Amount: | $68.16 million
|
| Type: | Negotiated
|
| Maturities: | May 1, 2031 for series 2008F; May 1, 2029 for series 2008G
|
| Coupon: | Resets weekly
|
| Price: | Par
|
| Underwriters: | NatCity Investments and JPMorgan
|
| Ratings: | Moody's: Aa2/VMIG1
|
| Pricing date: | May 15
|
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