New Issue: Baptist Health, Ala., brings $118 million of taxable bonds

By Sheri Kasprzak

New York, May 7 - The Health Care Authority for Baptist Health of Alabama sold $118 million of series 2013A taxable bonds, according to a pricing sheet. The offering was downsized from $250 million.

The bonds (A3/BBB+/) were sold through BofA Merrill Lynch.

The bonds are due 2043 and have a 5.5% coupon priced at par.

Proceeds will be used to reimburse the authority for acquiring facilities and to refund and redeem existing debt.

Issuer:	Health Care Authority for Baptist Health
Issue:	Series 2013A taxable bonds
Amount:	$118 million
Maturity:	Nov. 15, 2043
Coupon:	5.5%
Price:	100
Type:	Negotiated
Underwriters:	BofA Merrill Lynch (lead), Wells Fargo Securities LLC, Merchant Capital LLC and The Frazier Lanier Co. Inc. (co-managers)
Ratings:	Moody's: A3
	Standard & Poor's: BBB+
Pricing date:	May 3
Settlement date:	May 14

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