By Sheri Kasprzak
New York, Oct. 30 - The Illinois Finance Authority priced $109,025,000 of series 2013 taxable revenue refunding bonds for the Elmhurst Memorial Healthcare, according to an official statement.
The offering included $76,025,000 of series 2013A taxable revenue refunding bonds and $33 million of series 2013B taxable variable-rate revenue refunding bonds.
The 2013A bonds are due 2018 and have a 4.545% coupon priced at par.
The 2013B bonds are due 2023 and bear interest at the weekly rate beginning Nov. 6.
The bonds (Baa2//BBB) were sold through underwriter BofA Merrill Lynch.
Proceeds will be used to refund existing revenue bonds.
| Issuer: | Illinois Finance Authority/Elmhurst Memorial Healthcare
|
| Issue: | Series 2013 taxable revenue refunding bonds
|
| Amount: | $109,025,000
|
| Type: | Negotiated
|
| Underwriter | BofA Merrill Lynch (sole)
|
| Ratings: | Moody's: Baa2
|
| Fitch: BBB
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 31
|
|
|
| $76,025,000 series 2013A taxable revenue refunding bonds
|
| Maturity | Type | Coupon | Price
|
| Oct. 1, 2018 | Term | 4.545% | 100
|
|
|
| $33 million series 2013B taxable variable-rate revenue refunding bonds
|
| Maturity | Type | Coupon | Price
|
| Jan. 1, 2023 | Term | Weekly | 100
|
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