By Sheri Kasprzak
New York, June 7 - The Maryland Health and Higher Educational Facilities Authority sold $153.15 million of series 2012A revenue bonds for Johns Hopkins University, said a pricing sheet.
The bonds (Aa2/AA/AA+) were sold through Goldman, Sachs & Co. and J.P. Morgan Securities LLC. The co-manager was Ramirez & Co. Inc.
The bonds are due 2023 to 2032 with term bonds due in 2037 and 2041. The serial bonds have a 5% coupon. The 2037 bonds have a split maturity with a 4% coupon priced at 101.238 and a 5% coupon priced at 5% coupon priced at 114.896. The 2041 bonds have a 5% coupon priced at 114.435.
Proceeds will be used to refund existing bonds.
| Issuer: | Maryland Health and Higher Educational Facilities Authority/Johns Hopkins University
|
| Issue: | Series 2012A revenue bonds
|
| Amount: | $153.15 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. and J.P. Morgan Securities LLC (lead), Ramirez & Co. Inc. (co-managers)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA+
|
| Pricing date: | June 7
|
| Settlement date: | June 14
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $8.06 million | 2023 | Serial | 5% | 124.605
|
| $8.06 million | 2024 | Serial | 5% | 123.088
|
| $8.06 million | 2025 | Serial | 5% | 121.89
|
| $8.06 million | 2026 | Serial | 5% | 121.001
|
| $8.06 million | 2027 | Serial | 5% | 120.217
|
| $8.06 million | 2028 | Serial | 5% | 119.439
|
| $8.06 million | 2029 | Serial | 5% | 118.86
|
| $8.06 million | 2030 | Serial | 5% | 118.284
|
| $8.06 million | 2031 | Serial | 5% | 117.616
|
| $8.06 million | 2032 | Serial | 5% | 117.047
|
| $10 million | 2037 | Term | 4% | 101.238
|
| $30.3 million | 2037 | Term | 5% | 114.896
|
| $32.25 million | 2041 | Term | 5% | 114.435
|
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