By Sheri Kasprzak
New York, May 20 - The Maryland Health and Higher Educational Facilities Authority sold $61.85 million of series 2013B revenue bonds for Johns Hopkins Health System, according to a pricing sheet.
The bonds (Aa3/AA-/AA-) were sold through J.P. Morgan Securities LLC and Goldman, Sachs & Co.
The bonds are due in 2029 and bear interest at 67% of one-month Libor plus 58 basis points.
Proceeds will be used to provide a loan to the health system.
| Issuer: | Maryland Health and Higher Educational Facilities Authority/Johns Hopkins Health System
|
| Issue: | Series 2013B revenue bonds
|
| Amount: | $61.85 million
|
| Maturity: | 2029
|
| Coupon: | 67% of one-month Libor plus 58 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 14
|
| Settlement date: | May 22
|
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