By Sheri Kasprzak
New York, Aug. 7 - The Hospital Authority No. 2 of Douglas County in Nebraska priced $65 million in series 2008B health facilities revenue refunding bonds, according to an official statement.
The bonds (A2) were sold on a negotiated basis with Piper Jaffray as the senior manager.
The bonds are due 2013 to 2025 with term bonds due 2028 and 2031. The serials have coupons from 4% to 6% with yields from 4% to 5.62%. The 2028 bonds have a 6% coupon to yield 5.76%, and the 2031 bonds have a 6.125% coupon to yield 5.88%.
Proceeds will be used for capital improvements at Children's Hospital and for refunding the authority's series 2007A and 2007B bonds.
| Issuer: | Hospital Authority No. 2 of Douglas County (Nebraska)
|
| Issue: | Series 2008B health facilities revenue refunding bonds
|
| Amount: | $65 million
|
| Type: | Negotiated
|
| Underwriter: | Piper Jaffray
|
| Rating: | Moody's: A2
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 12
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2013 | Serial | 4% | 4.00%
|
| 2014 | Serial | 4.25% | 4.25%
|
| 2015 | Serial | 4.5% | 4.44%
|
| 2016 | Serial | 4.75% | 4.66%
|
| 2017 | Serial | 5% | 4.83%
|
| 2018 | Serial | 5.125% | 4.95%
|
| 2019 | Serial | 5.25% | 5.11%
|
| 2020 | Serial | 5.25% | 5.24%
|
| 2021 | Serial | 5.5% | 5.35%
|
| 2022 | Serial | 6% | 5.42%
|
| 2023 | Serial | 6% | 5.48%
|
| 2024 | Serial | 6% | 5.56%
|
| 2025 | Serial | 6% | 5.62%
|
| 2028 | Term | 6% | 5.76%
|
| 2031 | Term | 6.125% | 5.88%
|
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