Published on 3/20/2012 in the Prospect News Municipals Daily.
New Issue: Clarke County, Ga., hospital authority sells $65.71 million Athens Regional bonds
By Sheri Kasprzak
New York, March 20 - The Hospital Authority of Clarke County of Georgia sold $65,705,000 of series 2012 refunding revenue certificates for the Athens Regional Medical Center, according to a term sheet.
The bonds (Aa1/AA/) were sold through Morgan Keegan & Co. Inc.
The bonds are due 2013 to 2029 with a term bond due in 2032. The serial coupons range from 3% to 5%. The 2032 bonds have a split maturity with a 4% coupon priced at 98.383 and a 5% coupon priced at 108.173.
Proceeds will be used to refund the medical center's series 1999 and 2000 revenue certificates.
| Issuer: | Hospital Authority of Clarke County, Ga./Athens Regional Medical Center
|
| Issue: | Series 2012 refunding revenue certificates
|
| Amount: | $65,705,000
|
| Type: | Negotiated
|
| Underwriter: | Morgan Keegan & Co. Inc.
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Pricing date: | March 20
|
| Settlement date: | March 29
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $400,000 | 2013 | Serial | 3% | 101.92
|
| $160,000 | 2014 | Serial | 3% | 103.809
|
| $3.1 million | 2015 | Serial | 3% | 105.114
|
| $3.19 million | 2016 | Serial | 3% | 105.569
|
| $3.28 million | 2017 | Serial | 4% | 110.462
|
| $3.42 million | 2018 | Serial | 4% | 110.418
|
| $1.65 million | 2019 | Serial | 4% | 109.985
|
| $1,715,000 | 2020 | Serial | 4% | 108.819
|
| $3,045,000 | 2021 | Serial | 4% | 107.566
|
| $2,145,000 | 2022 | Serial | 4% | 106.827
|
| $1 million | 2022 | Serial | 5% | 115.157
|
| $3,285,000 | 2023 | Serial | 5% | 113.629
|
| $3.46 million | 2024 | Serial | 5% | 112.565
|
| $1,625,000 | 2025 | Serial | 5% | 111.687
|
| $1.7 million | 2026 | Serial | 5% | 110.818
|
| $1.78 million | 2027 | Serial | 5% | 110.3
|
| $1.88 million | 2028 | Serial | 3.75% | 96.866
|
| $1.95 million | 2029 | Serial | 4% | 99.27
|
| $6 million | 2032 | Term | 4% | 98.383
|
| $20.92 million | 2032 | Term | 5% | 108.173
|
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