By Sheri Kasprzak
New York, June 17 - The Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority priced $101.03 million of series 2011A hospital revenue and refunding bonds for the Hospital Auxilio Mutuo Obligated Group, said a pricing sheet.
The bonds were sold through J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. with FirstBank Puerto Rico Securities and Popular Securities as the co-managers.
The bonds are due 2015 to 2021 with term bonds due in 2026 and 2033. The serial bonds have 5% coupons. The 2026 bonds have a 6.25% coupon priced at 102.138. The 2033 bonds have a 6% coupon priced at 98.499.
Proceeds will be used to expand existing hospital facilities, as well as refund the obligated group's series 1995 and 1997 bonds.
| Issuer: | Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority/Hospital Auxilio Mutuo Obligated Group
|
| Issue: | Series 2011A hospital revenue and refunding bonds
|
| Amount: | $101.03 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. (lead), FirstBank Puerto Rico Securities and Popular Securities (co-managers)
|
| Pricing date: | June 17
|
| Settlement date: | July 7
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $770,000 | 2015 | Serial | 5% | 105.227
|
| $3.385 million | 2016 | Serial | 5% | 105.4
|
| $3.555 million | 2017 | Serial | 5% | 104.408
|
| $3.73 million | 2018 | Serial | 5% | 102.906
|
| $3.915 million | 2019 | Serial | 5% | 101.18
|
| $4.115 million | 2020 | Serial | 5% | 99.641
|
| $4.32 million | 2021 | Serial | 5% | 98.916
|
| $25.695 million | 2026 | Term | 6.25% | 102.138
|
| $51.55 million | 2033 | Term | 6% | 98.499
|
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