Published on 2/13/2013 in the Prospect News Municipals Daily.
New Issue: Indiana Finance brings $67 million of Deaconess Health revenue bonds
By Sheri Kasprzak
New York, Feb. 13 - The Indiana Finance Authority sold $67,005,000 of series 2013A hospital revenue bonds for the Deaconess Health System Obligated Group, according to a pricing sheet.
The bonds (/A/A+) were sold through BofA Merrill Lynch.
The bonds are due 2016 to 2029 with term bonds due in 2032 and 2035. The serial coupons range from 3% to 5%. The 2032 bonds have a 3.625% coupon priced at 97.78 and a 5% coupon priced at 113.092. The 2035 bonds have a 5% coupon priced at 112.104.
Proceeds will be used to refund the authority's series 2004A revenue bonds.
| Issuer: | Indiana Finance Authority/Deaconess Health System Obligated Group
|
| Issue: | Series 2013A hospital revenue bonds
|
| Amount: | $67,005,000
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch
|
| Ratings: | Standard & Poor's: A
|
| Fitch: A+
|
| Pricing date: | Feb. 13
|
| Settlement date: | March 5
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $705,000 | 2016 | Serial | 3% | 105.148
|
| $635,000 | 2017 | Serial | 4% | 109.807
|
| $580,000 | 2018 | Serial | 3% | 106.094
|
| $470,000 | 2019 | Serial | 4% | 111.354
|
| $905,000 | 2020 | Serial | 3% | 104.957
|
| $810,000 | 2021 | Serial | 4% | 111.26
|
| $715,000 | 2022 | Serial | 3% | 102.621
|
| $2.52 million | 2023 | Serial | 5% | 118.575
|
| $2,585,000 | 2024 | Serial | 4% | 108.306
|
| $2,645,000 | 2025 | Serial | 5% | 116.494
|
| $2.7 million | 2026 | Serial | 3.25% | 98.125
|
| $2,735,000 | 2027 | Serial | 3.375% | 98.083
|
| $2.78 million | 2028 | Serial | 3.375% | 97.184
|
| $2.8 million | 2029 | Serial | 3.5% | 98.194
|
| $15.38 million | 2032 | Term | 3.625% | 97.78
|
| $5 million | 2032 | Term | 5% | 113.092
|
| $23.04 million | 2035 | Term | 5% | 112.104
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
