Published on 10/18/2012 in the Prospect News Municipals Daily.
New Issue: Maryland Health prices $73.63 million Anne Arundel Health revenue bonds
By Sheri Kasprzak
New York, Oct. 18 - The Maryland Health and Higher Educational Facilities Authority sold $73,625,000 of series 2012 revenue bonds for the Anne Arundel Health System, according to a pricing sheet.
The bonds (A3/A-/A-) were sold through Citigroup Global Markets Inc. and BB&T Capital Markets.
The bonds are due 2013 to 2027 with a term bond due in 2034. The serial coupons range from 2% to 5%. The 2034 bonds have a split maturity with a 3.75% coupon priced at 98.535 and a 4% coupon priced at 102.415.
Proceeds will be used to refund existing debt.
| Issuer: | Maryland Health and Higher Educational Facilities Authority/Anne Arundel Health System
|
| Issue: | Series 2012 revenue bonds
|
| Amount: | $73,625,000
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and BB&T Capital Markets
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A-
|
| Pricing date: | Oct. 18
|
| Settlement date: | Nov. 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,525,000 | 2013 | Serial | 2% | 100.996
|
| $2,325,000 | 2014 | Serial | 3% | 103.803
|
| $2,395,000 | 2015 | Serial | 3% | 105.629
|
| $2,465,000 | 2016 | Serial | 3% | 106.92
|
| $2.54 million | 2017 | Serial | 4% | 111.896
|
| $2.64 million | 2018 | Serial | 4% | 112.719
|
| $2,745,000 | 2019 | Serial | 4% | 112.622
|
| $2,855,000 | 2020 | Serial | 5% | 119.496
|
| $2,995,000 | 2021 | Serial | 5% | 119.712
|
| $3.15 million | 2022 | Serial | 5% | 120.015
|
| $3,435,000 | 2023 | Serial | 5% | 118.701
|
| $3,555,000 | 2024 | Serial | 5% | 117.958
|
| $3.68 million | 2025 | Serial | 5% | 117.312
|
| $3,845,000 | 2026 | Serial | 5% | 116.853
|
| $4.03 million | 2027 | Serial | 5% | 116.488
|
| $9,445,000 | 2034 | Term | 3.75% | 98.535
|
| $20 million | 2034 | Term | 4% | 102.415
|
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