Published on 11/15/2012 in the Prospect News Municipals Daily.
New Issue: Knox County Health, Tenn., prices $108 million of Covenant Health bonds
By Sheri Kasprzak
New York, Nov. 15 - The Knox County Health, Educational and Housing Facilities Board of Tennessee priced $108 million of series 2012A hospital revenue refunding bonds for Covenant Health, according to a pricing sheet.
The bonds (//A) were sold through Citigroup Global Markets Inc. and Raymond James/Morgan Keegan.
The bonds are due 2019 to 2026 with 2.5% to 5% coupons.
Proceeds will be used to refund the board's series 2002A revenue bonds issued for Covenant Health.
| Issuer: | Knox County Health, Educational and Housing Facilities Board, Tenn./Covenant Health
|
| Issue: | Series 2012A hospital revenue refunding bonds
|
| Amount: | $108 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Raymond James/Morgan Keegan (lead), J.P. Morgan Securities LLC and U.S. Bancorp Inc. (co-managers)
|
| Ratings: | Fitch: A
|
| Pricing date: | Nov. 14
|
| Settlement date: | Dec. 13
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $720,000 | 2019 | Serial | 2.5% | 102.375
|
| $10.7 million | 2019 | Serial | 5% | 116.578
|
| $3 million | 2020 | Serial | 3% | 104.597
|
| $8,905,000 | 2020 | Serial | 5% | 117.549
|
| $3 million | 2021 | Serial | 4% | 110.721
|
| $9.21 million | 2021 | Serial | 5% | 117.966
|
| $3 million | 2022 | Serial | 4% | 109.953
|
| $10,125,000 | 2022 | Serial | 5% | 117.916
|
| $3 million | 2023 | Serial | 4% | 109.62
|
| $10,375,000 | 2023 | Serial | 5% | 118.288
|
| $3 million | 2024 | Serial | 3% | 99.905
|
| $12.97 million | 2024 | Serial | 5% | 117.62
|
| $3 million | 2025 | Serial | 3% | 98.702
|
| $13.33 million | 2025 | Serial | 5% | 116.956
|
| $3 million | 2026 | Serial | 3% | 97.878
|
| $10,665,000 | 2026 | Serial | 5% | 116.297
|
© 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.
