By Sheri Kasprzak
New York, Dec. 16 - The Maryland Health and Higher Educational Facilities Authority priced $243.8 million in series 2010 revenue bonds for the University of Maryland Medical System on Wednesday, said a sellside source familiar with the deal.
The bonds are due 2010 to 2019 with term bonds due 2024, 2029, 2034 and 2039. Coupons range from 3% to 5% and yields range from 1.76% to 5.14%.
J.P. Morgan Securities Inc. was the senior manager.
Proceeds will be used to fund additional facilities costs for the medical system.
| Issuer: | Maryland Health and Higher Educational Facilities Authority/University of Maryland Medical System
|
| Issue: | Series 2010 revenue bonds
|
| Amount: | $243.8 million
|
| Maturities: | 2010 to 2019 with term bonds due 2024, 2029, 2034 and 2039
|
| Coupons: | 3% to 5%
|
| Yields: | 1.76% to 5.14%
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities Inc.
|
| Pricing date: | Dec. 16
|
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