Published on 12/20/2011 in the Prospect News Municipals Daily.
New Issue: Beaver County, Pa., authority sells $66.53 million of bonds for Heritage Valley
By Sheri Kasprzak
New York, Dec. 20 - The Hospital Authority of the County of Beaver, Pa., priced on Tuesday $66.53 million of series 2012 revenue bonds for the Heritage Valley Health System Inc., according to a pricing sheet.
The bonds (A1/AA-/A+) were sold through senior manager Barclays Capital Inc.
The bonds are due 2012 to 2028 with 3% to 5% coupons. The 2022 to 2028 bonds were not reoffered.
Proceeds will be used to finance capital improvements at the health care system's hospitals.
| Issuer: | Hospital Authority of the County of Beaver, Pa./Heritage Valley Health System Inc.
|
| Issue: | Series 2012 revenue bonds
|
| Amount: | $66.53 million
|
| Type: | Negotiated
|
| Underwriter: | Barclays Capital Inc.
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: AA-
|
| Fitch: A+
|
| Pricing date: | Dec. 20
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3,235,000 | 2012 | Serial | 3% | 100.813
|
| $2.62 million | 2013 | Serial | 3% | 102.793
|
| $2,695,000 | 2014 | Serial | 5% | 108.339
|
| $2.87 million | 2015 | Serial | 5% | 110.408
|
| $3.12 million | 2016 | Serial | 5% | 112.581
|
| $3,275,000 | 2017 | Serial | 5% | 114.041
|
| $3.44 million | 2018 | Serial | 5% | 114.721
|
| $3.61 million | 2019 | Serial | 5% | 114.755
|
| $3,795,000 | 2020 | Serial | 5% | 114.312
|
| $965,000 | 2021 | Serial | 3% | 97.685
|
| $3.02 million | 2021 | Serial | 5% | 113.628
|
| $4.16 million | 2022 | Serial | 5% | NRO
|
| $4.37 million | 2023 | Serial | 5% | NRO
|
| $4.59 million | 2024 | Serial | 5% | NRO
|
| $4.82 million | 2025 | Serial | 5% | NRO
|
| $5.06 million | 2026 | Serial | 5% | NRO
|
| $5.31 million | 2027 | Serial | 5% | NRO
|
| $5,575,000 | 2028 | Serial | 5% | NRO
|
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