Published on 4/30/2014 in the Prospect News Municipals Daily.
New Issue: Fredericksburg Economic, Va., sells $56.2 million Mary Washington debt
By Sheri Kasprzak
New York, April 30 - The Fredericksburg Economic Development Authority of Virginia sold $56.21 million of series 2014 hospital facilities revenue and refunding bonds for the Mary Washington Healthcare Obligated Group, according to a pricing sheet.
The bonds (Baa1//BBB+) were sold through BofA Merrill Lynch.
The bonds are due 2024 to 2033 with 4% to 5% coupons and 3.63% to 4.48% yields.
Proceeds will be used to refund the authority's series 2002B revenue bonds.
| Issuer: | Fredericksburg Economic Development Authority/Mary Washington Healthcare Obligated Group
|
| Issue: | Series 2014 hospital facilities revenue and refunding bonds
|
| Amount: | $56.21 million
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch
|
| Ratings: | Moody's: Baa1
|
| Fitch: BBB+
|
| Pricing date: | April 30
|
| Settlement date: | May 28
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $4,375,000 | 2024 | Serial | 5% | 111.446 | 3.63%
|
| $4.69 million | 2025 | Serial | 5% | 110.382 | 3.75%
|
| $4.96 million | 2026 | Serial | 5% | 109.33 | 3.87%
|
| $5,215,000 | 2027 | Serial | 5% | 108.377 | 3.98%
|
| $5.45 million | 2028 | Serial | 4% | 97.996 | 4.19%
|
| $5.7 million | 2029 | Serial | 5% | 106.923 | 4.15%
|
| $5,995,000 | 2030 | Serial | 5% | 106.331 | 4.22%
|
| $6,305,000 | 2031 | Serial | 5% | 105.743 | 4.29%
|
| $6.6 million | 2032 | Serial | 4.25% | 97.171 | 4.48%
|
| $6.92 million | 2033 | Serial | 5% | 104.579 | 4.43%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
