By Sheri Kasprzak
New York, Oct. 22 - The city of Riverton, Utah, priced $250 million in series 2009 hospital revenue bonds for IHC Health Services Inc., according to a pricing sheet.
The bonds (Aa1/AA+/) were sold through senior managers J.P. Morgan Securities Inc. and Wells Fargo Securities Inc.
The bonds are due 2017 to 2020 with term bonds due 2013, 2015, 2036 and 2041.
Proceeds will be used to construct, equip and improve facilities operated by IHC.
IHC Health Services has its headquarters in Salt Lake City.
Issuer: | Riverton, Utah/IHC Health Services Inc.
|
Issue: | Series 2009 hospital revenue bonds
|
Amount: | $250 million
|
Type: | Negotiated
|
Underwriters: | J.P. Morgan Securities Inc. and Wells Fargo Securities Inc. (lead)
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Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
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Pricing date: | Oct. 22
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Settlement date: | Nov. 5
|
|
Maturity | Type | Coupon | Price
|
2017 | Serial | 5% | 107.312
|
2018 | Serial | 5% | 106.953
|
2019 | Serial | 5% | 106.768
|
2020 | Serial | 5% | NRO
|
2013 | Term | 5% | 109.408
|
2015 | Term | 5% | 108.597
|
2036 | Term | 5% | 99.262
|
2041 | Term | 5% | 98.427
|
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