By Sheri Kasprzak
New York, May 7 - The Maryland Health and Higher Educational Facilities Authority released additional information on its $88.25 million of series 2013A revenue bonds for Johns Hopkins Health System. 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 67% of one-month Libor plus 60 basis points, priced at par.
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: | 67% of one-month Libor plus 60 bps
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | 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
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
