By Sheri Kasprzak
New York, June 2 - The Maryland Health and Higher Educational Facilities Authority sold on Wednesday $152.07 million of series 2010 revenue bonds for Johns Hopkins Health System Obligated Group, said a pricing sheet.
The bonds were sold through Goldman, Sachs & Co. with PNC Capital Markets LLC, Cabrera Capital Markets LLC, J.P. Morgan Securities Inc., Bank of America Merrill Lynch, Morgan Stanley & Co. Inc. and Wells Fargo Securities LLC as the co-managers.
The bonds are due 2031 to 2035 with a 2040 term bond. The serial coupons range from 4.375% to 4.625%. The 2040 bonds have a 5% coupon. The full details were not immediately available.
Proceeds will be used to construct, acquire, renovate and equip two 18-story medical towers to house a cardiovascular and critical care hospital and a children's hospital at the health system's Baltimore campus.
| Issuer: | Maryland Health and Higher Educational Facilities Authority/Johns Hopkins Health System Obligated Group
|
| Issue: | Series 2010 revenue bonds
|
| Amount: | $152.07 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co., PNC Capital Markets LLC, Cabrera Capital Markets LLC, J.P. Morgan Securities Inc., Bank of America Merrill Lynch, Morgan Stanley & Co. Inc. and Wells Fargo Securities LLC (co-managers)
|
| Pricing date: | June 2
|
| Settlement date: | June 16
|
|
|
| Maturity | Type | Coupon
|
| 2031 | Serial | 4.375%
|
| 2032 | Serial | 4.5%
|
| 2033 | Serial | 4.5%
|
| 2034 | Serial | 4.625%
|
| 2035 | Serial | 4.625%
|
| 2040 | Term | 5%
|
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