New Issue: Franklin County, Ohio, prices $75 million of hospital improvement bonds

By Sheri Kasprzak

New York, May 5 – Franklin County, Ohio, sold $75 million of series 2015A hospital improvement revenue bonds, according to a pricing sheet.

The bonds (Aa2//AA) were sold through J.P. Morgan Securities LLC and PNC Capital Markets LLC.

The bonds are due Nov. 1, 2045 and have a 4% coupon priced at 96.579.

Proceeds will be used to construct, equip, improve and acquire real property utilized by the hospital, which is based in Columbus.

Issuer:	Franklin County, Ohio/Nationwide Children’s Hospital
Issue:	Series 2015A hospital improvement revenue bonds
Amount:	$75 million
Maturity:	Nov. 1, 2045
Coupon:	4%
Price:	96.579
Type:	Negotiated
Underwriters:	J.P. Morgan Securities LLC and PNC Capital Markets LLC
Ratings:	Moody’s: Aa2
	Fitch: AA
Pricing date:	May 5
Settlement date:	May 19

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