By Sheri Kasprzak
New York, March 30 - The Maryland Health and Higher Educational Facilities Authority sold $67.945 million of series 2011 revenue bonds for Greater Baltimore Medical Center on Wednesday, according to a pricing sheet.
The bonds (A2/A/) were sold through Raymond James & Associates Inc. and J.P. Morgan Securities LLC.
The bonds are due 2012 to 2026 with term bonds due in 2031 and 2034. The serial coupons range from 2.5% to 5.375%. The 2031 bonds have a 5.5% coupon priced at 96.794, and the 2034 bonds have a 5.75% coupon priced at 97.86.
Proceeds from the offering will be used to make renovations and expansions to Greater Baltimore Medical facilities, as well as to refund existing debt.
| Issuer: | Maryland Health and Higher Educational Facilities Authority/Greater Baltimore Medical Center
|
| Issue: | Series 2011 revenue bonds
|
| Amount: | $67.945 million
|
| Type: | Negotiated
|
| Underwriters: | Raymond James & Associates Inc. and J.P. Morgan Securities LLC
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Pricing date: | March 30
|
| Settlement date: | April 20
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.18 million | 2012 | Serial | 2.5% | 101.097
|
| $2.295 million | 2013 | Serial | 3% | 101.964
|
| $2.375 million | 2014 | Serial | 3% | 101.34
|
| $2.905 million | 2015 | Serial | 3.5% | 101.559
|
| $3.09 million | 2016 | Serial | 3.75% | 101.317
|
| $3.195 million | 2017 | Serial | 5% | 106.451
|
| $1 million | 2018 | Serial | 4% | 99.131
|
| $2.345 million | 2018 | Serial | 5% | 105.299
|
| $3.495 million | 2019 | Serial | 5% | 103.806
|
| $3.66 million | 2020 | Serial | 5% | 102.137
|
| $835,000 | 2021 | Serial | 4.75% | 98.879
|
| $2.995 million | 2021 | Serial | 5% | 100.867
|
| $2.1 million | 2022 | Serial | 5% | 99.568
|
| $2.2 million | 2023 | Serial | 5% | 98.114
|
| $2.305 million | 2024 | Serial | 5.25% | 99.053
|
| $2.415 million | 2025 | Serial | 5.25% | 97.838
|
| $2.535 million | 2026 | Serial | 5.375% | 97.808
|
| $14.925 million | 2031 | Term | 5.5% | 96.794
|
| $11.095 million | 2034 | Term | 5.75% | 97.86
|
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