Published on 5/10/2012 in the Prospect News Municipals Daily.
New Issue: Franklin County, Ohio, sells $75 million of Nationwide Children's Hospital bonds
By Sheri Kasprzak
New York, May 10 - Franklin County of Ohio sold $75 million of series 2012A hospital improvement revenue bonds for the Nationwide Children's Hospital, according to a pricing sheet.
The bonds (Aa2/AA/) were sold through J.P. Morgan Securities LLC and PNC Capital Markets Inc.
The bonds are due 2013 to 2027 with a term bond due in 2042. The serial coupons range from 3% to 5%. The 2042 bonds have a 5% coupon priced at 109.178.
Proceeds will be used to construct, equip, install and improve real and personal property at the children's hospital, which is located in Columbus.
Issuer: | Franklin County, Ohio/Nationwide Children's Hospital
|
Issue: | Series 2012A hospital improvement revenue bonds
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Amount: | $75 million
|
Type: | Negotiated
|
Underwriters: | J.P. Morgan Securities LLC and PNC Capital Markets Inc. (lead)
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Ratings: | Moody's: Aa2
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| Standard & Poor's: AA
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Pricing date: | May 10
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Settlement date: | May 15
|
|
|
Amount | Maturity | Type | Coupon | Price
|
$1.54 million | 2013 | Serial | 3% | 103.739
|
$1.54 million | 2014 | Serial | 3% | 105.602
|
$1.53 million | 2015 | Serial | 4% | 110.324
|
$1,545,000 | 2016 | Serial | 5% | 116.552
|
$1.56 million | 2017 | Serial | 3% | 107.836
|
$1.58 million | 2018 | Serial | 4% | 113.819
|
$1,595,000 | 2019 | Serial | 5% | 120.927
|
$350,000 | 2020 | Serial | 3% | 105.432
|
$1.27 million | 2020 | Serial | 5% | 120.736
|
$385,000 | 2021 | Serial | 4% | 112.478
|
$1.26 million | 2021 | Serial | 5% | 120.853
|
$1,685,000 | 2022 | Serial | 5% | 120.066
|
$1,725,000 | 2023 | Serial | 5% | 118.815
|
$1.78 million | 2024 | Serial | 5% | 117.675
|
$1,835,000 | 2025 | Serial | 5% | 116.734
|
$1.89 million | 2026 | Serial | 5% | 115.895
|
$1.93 million | 2027 | Serial | 5% | 115.156
|
$50 million | 2042 | Term | 5% | 109.178
|
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