By Sheri Kasprzak
New York, May 2 - The Maryland Health and Higher Educational Facilities Authority sold $88.25 million of series 2013A revenue bonds for Johns Hopkins Health System, according to a pricing sheet. The authority also intends to price $61.85 million of series 2013B bonds for system.
The bonds (Aa3/AA-/AA-) were sold through J.P. Morgan Securities LLC and Goldman, Sachs & Co.
The bonds are due 2046 and bear interest at the index floating-rate mode.
Proceeds will be used to provide a loan to the health system.
| Issuer: | Maryland Health Higher Educational Facilities Authority/Johns Hopkins Health System
|
| Issue: | Series 2013A revenue bonds
|
| Amount: | $88.25 million
|
| Maturity: | May 15, 2046
|
| Coupon: | Index floating-rate mode
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC and Goldman, Sachs & Co. (lead)
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
| Pricing date: | May 1
|
| Settlement date: | May 9
|
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