Published on 11/2/2012 in the Prospect News Municipals Daily.
New Issue: Lincoln County Hospital Authority, Neb., sells $102.84 million of bonds
By Sheri Kasprzak
New York, Nov. 2 - The Hospital Authority No. 1 of Lincoln County, Neb., sold $102.84 million of series 2012 hospital revenue and refunding bonds for the Great Plains Regional Medical Center, according to a pricing sheet.
The bonds (/A-/) were sold through Piper Jaffray & Co. Inc.
The bonds are due 2015 to 2026 with term bonds due in 2030, 2034 and 2042. The serial coupons range from 3.5% to 5%. The 2030 bonds have a 5% coupon priced at 110.318, the 2034 bonds have a 4% coupon priced at 98.599 and the 2042 bonds have a 5% coupon priced at 107.857.
Proceeds will be used to construct, equip and acquire a new patient tower at the medical center in North Platte, Neb., as well as to refund the authority's series 2002 and 2009 revenue bonds.
| Issuer: | Hospital Authority No. 1 of Lincoln County, Neb./Great Plains Regional Medical Center
|
| Issue: | Series 2012 hospital revenue and refunding bonds
|
| Amount: | $102.84 million
|
| Type: | Negotiated
|
| Underwriter: | Piper Jaffray & Co. Inc.
|
| Ratings: | Standard & Poor's: A-
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 15
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,945,000 | 2015 | Serial | 4% | 108.212
|
| $2,025,000 | 2016 | Serial | 4% | 109.781
|
| $2,105,000 | 2017 | Serial | 4% | 110.897
|
| $2,185,000 | 2018 | Serial | 5% | 116.901
|
| $2,295,000 | 2019 | Serial | 4% | 110.808
|
| $2,485,000 | 2021 | Serial | 4% | 108.707
|
| $2.39 million | 2020 | Serial | 4% | 110.008
|
| $2,585,000 | 2022 | Serial | 4% | 107.236
|
| $2,685,000 | 2023 | Serial | 5% | 113.842
|
| $2.82 million | 2024 | Serial | 5% | 113.176
|
| $2.96 million | 2025 | Serial | 5% | 112.598
|
| $6.33 million | 2026 | Serial | 3.5% | 98.964
|
| $18.41 million | 2030 | Term | 5% | 110.318
|
| $23.03 million | 2034 | Term | 4% | 98.599
|
| $28.59 million | 2042 | Term | 5% | 107.857
|
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