By Sheri Kasprzak
New York, April 28 - The South Carolina Jobs-Economic Development Authority priced $112 million in series 2009B hospital refunding and improvement revenue bonds for AnMed Health, according to an official statement.
The bonds (/A+/AA-) were sold Monday on a negotiated basis with Citigroup Global Markets Inc. and BB&T Capital Markets Inc. as the senior managers.
The bonds are due 2012 to 2022 with term bonds due 2029 and 2038.
The serials have coupons from 3.5% to 5% and yields from 2.78% to 5.05%. The 2029 bonds have a 5.375% coupon to yield 5.55% and the 2038 bonds have a 5.5% coupon to yield 5.75%
Proceeds will be used to fund capital projects and to refund AnMed's series 2003B bonds.
| Issuer: | South Carolina Jobs-Economic Development Authority/AnMed Health
|
| Issue: | Series 2009B hospital refunding and improvement revenue bonds
|
| Amount: | $112 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and BB&T Capital Markets Inc.
|
| Ratings: | Standard & Poor's: A+
|
| Fitch: AA-
|
| Pricing date: | April 27
|
| Settlement date: | May 13
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2012 | Serial | 3.5% | 2.78%
|
| 2013 | Serial | 4% | 3.05%
|
| 2014 | Serial | 4% | 3.40%
|
| 2015 | Serial | 5% | 3.68%
|
| 2016 | Serial | 4% | 3.91%
|
| 2017 | Serial | 4% | 4.14%
|
| 2018 | Serial | 4.25% | 4.36%
|
| 2019 | Serial | 5% | 4.58%
|
| 2020 | Serial | 4.5% | 4.78%
|
| 2020 | Serial | 5% | 4.78%
|
| 2021 | Serial | 4.75% | 4.94%
|
| 2021 | Serial | 5% | 4.94%
|
| 2022 | Serial | 5% | 5.05%
|
| 2029 | Term | 5.375% | 5.55%
|
| 2038 | Term | 5.5% | 5.75%
|
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