Published on 1/24/2013 in the Prospect News Municipals Daily.
New Issue: Brevard County Health, Fla., sells $65.92 million refunding bonds for Health First
By Sheri Kasprzak
New York, Jan. 24 - The Brevard County Health Facilities Authority of Florida sold $65,915,000 of series 2013A health facilities revenue refunding bonds for Health First Inc., according to a pricing sheet.
The bonds (A3/A-/) were sold through Barclays Capital Inc. and Citigroup Global Markets Inc.
The bonds are due 2013 to 2031 with 3% to 5% coupons.
Proceeds will be used to refund existing debt.
| Issuer: | Brevard County Health Facilities Authority/Health First Inc.
|
| Issue: | Series 2013A health facilities revenue refunding bonds
|
| Amount: | $65,915,000
|
| Type: | Negotiated
|
| Underwriters: | Barclays and Citigroup Global Markets Inc.
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Pricing date: | Jan. 24
|
| Settlement date: | Feb. 5
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $990,000 | 2013 | Serial | 3% | 100.372
|
| $1.03 million | 2014 | Serial | 3% | 102.536
|
| $965,000 | 2015 | Serial | 4% | 106.093
|
| $1,015,000 | 2016 | Serial | 5% | 110.876
|
| $1,075,000 | 2017 | Serial | 5% | 113.269
|
| $1,135,000 | 2018 | Serial | 5% | 115.259
|
| $1,205,000 | 2019 | Serial | 5% | 116.535
|
| $1,275,000 | 2020 | Serial | 5% | 117.213
|
| $1,355,000 | 2021 | Serial | 5% | 117.531
|
| $5.05 million | 2022 | Serial | 5% | 117.302
|
| $5,315,000 | 2023 | Serial | 5% | 116.916
|
| $5,595,000 | 2024 | Serial | 5% | 116.062
|
| $5.89 million | 2025 | Serial | 5% | 115.31
|
| $6.2 million | 2026 | Serial | 5% | 114.657
|
| $6.53 million | 2027 | Serial | 5% | 114.1
|
| $6.03 million | 2028 | Serial | 3.5% | 98.148
|
| $15.26 million | 2031 | Term | 5% | 112.54
|
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