Published on 12/17/2013 in the Prospect News Municipals Daily.
New Issue: Hamilton County, Ohio, brings $123.79 million Cincinnati hospital bonds
By Sheri Kasprzak
New York, Dec. 17 -- Hamilton County, Ohio, priced $123.79 million of series 2014S hospital facilities refunding revenue bonds for the Cincinnati Children's Hospital Medical Center, according to a pricing sheet.
The bonds (Aa2/AA-/) were sold through J.P. Morgan Securities LLC and U.S. Bancorp Investments Co.
The bonds are due 2015 to 2034 with 3% to 5% coupons.
Proceeds will be used to refund the medical center's series 1998G and 2004J revenue bonds.
| Issuer: | Hamilton County, Ohio/Cincinnati Children's Hospital Medical Center
|
| Issue: | Series 2014S hospital facilities refunding revenue bonds
|
| Amount: | $123.79 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and U.S. Bancorp Investments Co.
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | Dec. 17
|
| Settlement date: | Jan. 8
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $4,445,000 | 2015 | Serial | 3% | 103.669
|
| $4,575,000 | 2016 | Serial | 4% | 108.175
|
| $4,715,000 | 2017 | Serial | 4% | 110.04
|
| $4,025,000 | 2018 | Serial | 5% | 115.194
|
| $5.1 million | 2019 | Serial | 5% | 115.87
|
| $5.35 million | 2020 | Serial | 5% | 115.678
|
| $5,625,000 | 2021 | Serial | 5% | 115.17
|
| $5,905,000 | 2022 | Serial | 5% | 114.358
|
| $9,125,000 | 2023 | Serial | 5% | 113.408
|
| $9.08 million | 2024 | Serial | 5% | 112.373
|
| $9,535,000 | 2025 | Serial | 5% | 110.638
|
| $9.75 million | 2026 | Serial | 5% | 109.469
|
| $9.08 million | 2027 | Serial | 5% | 108.139
|
| $9.95 million | 2028 | Serial | 5% | 107.089
|
| $4.35 million | 2029 | Serial | 5% | 106.137
|
| $4,585,000 | 2030 | Serial | 4.25% | 97.462
|
| $4,825,000 | 2031 | Serial | 5% | 104.432
|
| $5.08 million | 2032 | Serial | 4.375% | 96.985
|
| $3,845,000 | 2033 | Serial | 5% | 103.342
|
| $4,125,000 | 2034 | Serial | 5% | 102.927
|
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