By Sheri Kasprzak
New York, Aug. 25 - The Indiana Finance Authority priced $292.93 million in series 2008C health system revenue refunding bonds for the Sisters of St. Francis Health Services, Inc. obligated group, according to an official statement.
The bonds (Aa3//AA) were sold through senior managers Citigroup Global Markets and Merrill Lynch.
The bonds are due 2009 to 2028 with a term bond due 2032. The serials have coupons from 4% to 5.25% with yields from 2.25% to 5.43%. The 2032 bonds have a 5.375% coupon to yield 5.6%.
Proceeds will be used to refund the authority's series 2006A and 2006B revenue refunding bonds.
| Issuer: | Indiana Finance Authority/Sisters of St. Francis Health Services, Inc.
|
| Issue: | Series 2008C health system revenue refunding bonds
|
| Amount: | $292.93 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets and Merrill Lynch (leads)
|
| Ratings: | Moody's: Aa3
|
| Fitch: AA
|
| Pricing date: | Aug. 14
|
| Settlement date: | Sept. 15
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2009 | Serial | 4% | 2.25%
|
| 2010 | Serial | 4% | 2.80%
|
| 2011 | Serial | 5% | 3.33%
|
| 2012 | Serial | 5% | 3.61%
|
| 2013 | Serial | 5% | 3.87%
|
| 2014 | Serial | 5% | 4.06%
|
| 2015 | Serial | 5% | 4.21%
|
| 2016 | Serial | 5% | 4.39%
|
| 2017 | Serial | 5% | 4.54%
|
| 2017 | Serial | 5% | 4.54%
|
| 2018 | Serial | 5% | 4.68%
|
| 2019 | Serial | 5% | 4.81%
|
| 2020 | Serial | 5% | 4.96%
|
| 2021 | Serial | 5% | 5.07%
|
| 2022 | Serial | 5% | 5.14%
|
| 2023 | Serial | 5% | 5.20%
|
| 2024 | Serial | 5.25% | 5.26%
|
| 2025 | Serial | 5.25% | 5.32%
|
| 2026 | Serial | 5.25% | 5.37%
|
| 2027 | Serial | 5.25% | 5.40%
|
| 2028 | Serial | 5.25% | 5.43%
|
| 2032 | Term | 5.375% | 5.60%
|
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