By Sheri Kasprzak
New York, July 19 - The City of Lakeland, Fla., priced $77.38 million of series 2011 hospital revenue refunding bonds on Tuesday for Lakeland Regional Health System, according to a pricing sheet.
The bonds (A2) were sold through Citigroup Global Markets Inc.
The bonds are due 2011 to 2025 with 2% to 5% coupons.
Proceeds will be used to refund the health system's series 1996A, 1997A-B and 1999B revenue bonds.
| Issuer: | City of Lakeland, Fla./Lakeland Regional Health System
|
| Issue: | Series 2011 hospital revenue bonds
|
| Amount: | $77.38 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Rating: | Moody's: A2
|
| Pricing date: | July 19
|
| Settlement date: | July 28
|
|
|
| Maturity | Type | Coupon
|
| 2011 | Serial | 2%
|
| 2012 | Serial | 3%
|
| 2013 | Serial | 3%
|
| 2014 | Serial | 4%
|
| 2015 | Serial | 4%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 4.75%
|
| 2024 | Serial | 5%
|
| 2025 | Serial | 5%
|
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