By Sheri Kasprzak
New York, March 16 - Hancock County in Ohio priced $108.675 million of series 2011A hospital facilities revenue bonds on Wednesday for Blanchard Valley Regional Health Center, said a pricing sheet.
The bonds (A3/A-/) were sold through senior manager Bank of America Merrill Lynch.
The bonds are due 2011 to 2021 with term bonds due 2026, 2030 and 2034. The serial coupons range from 3% to 5.25%. The 2026 bonds have a 5.75% coupon priced at 97.478. The 2030 bonds have a 6.5% coupon priced at 105.12. The 2034 bonds have a 6.25% coupon priced at 97.818. The 2011 bonds were not publicly offered.
Proceeds will be used to refund the health center's series 2004 bonds.
The county seat is Findlay.
| Issuer: | Hancock County, Ohio/Blanchard Valley Regional Health Center
|
| Issue: | Series 2011A hospital facilities revenue bonds
|
| Amount: | $108.675 million
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Pricing date: | March 16
|
| Settlement date: | April 14
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1 million | 2011 | Serial | N/A | NRO
|
| $1 million | 2012 | Serial | 3% | 101.224
|
| $1.05 million | 2013 | Serial | 4% | 103.406
|
| $1.075 million | 2014 | Serial | 3% | 99.827
|
| $370,000 | 2015 | Serial | 3.5% | 99.7
|
| $780,000 | 2015 | Serial | 4% | 101.816
|
| $3.7 million | 2016 | Serial | 4% | 100.547
|
| $3.875 million | 2017 | Serial | 4.25% | 100.512
|
| $4.025 million | 2018 | Serial | 5% | 103.585
|
| $4.2 million | 2019 | Serial | 5.25% | 104.003
|
| $4.35 million | 2020 | Serial | 5.25% | 102.578
|
| $4.55 million | 2021 | Serial | 5% | 98.938
|
| $25.6 million | 2026 | Term | 5.75% | 97.478
|
| $24.425 million | 2030 | Term | 6.5% | 105.12
|
| $28.675 million | 2034 | Term | 6.25% | 97.818
|
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