New Issue: Newport Beach, Calif., sells $105.39 million of revenue bonds for Hoag Memorial

By Sheri Kasprzak

New York, Jan. 27 - The City of Newport Beach, Calif., sold $105.39 million of series 2011A revenue bonds for the Hoag Memorial Hospital Presbyterian, said a pricing sheet.

The bonds (Aa3/AA) were sold through Citigroup Global Markets Inc. and J.P. Morgan Securities LLC.

The bonds are due 2012 to 2021 with term bonds due in 2030 and 2040. Serial coupons range from 3% to 5%. The 2030 bonds have a 5.875% coupon priced at 99.7, and the 2040 bonds have a 6% coupon priced at 99.03.

Proceeds will be used to fund various capital projects and refund the hospital's series 2009 put bonds.

Issuer:	Newport Beach, Calif./Hoag Memorial Hospital Presbyterian
Issue:	Series 2011A revenue bonds
Amount:	$105.39 million
Type:	Negotiated
Underwriters:	Citigroup Global Markets Inc. and J.P. Morgan Securities LLC
Ratings:	Moody's: Aa3
	Standard & Poor's: AA
Pricing date:	Jan. 27
Settlement date:	Feb. 8
Amount	Maturity	Type	Coupon	Price
$240,000	2012	Serial	3%	103
$460,000	2013	Serial	4%	106.064
$475,000	2014	Serial	4%	106.133
$505,000	2015	Serial	5%	109.509
$475,000	2016	Serial	4%	103.886
$440,000	2017	Serial	5%	108.262
$400,000	2018	Serial	4%	100
$360,000	2019	Serial	5%	105.159
$305,000	2020	Serial	5%	103.363
$255,000	2021	Serial	5%	101.496
$27.645 million	2030	Term	5.875%	99.7
$73.83 million	2040	Term	6%	99.03

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