New Issue: Maryland Health sells $99.96 million Johns Hopkins University revenue bonds

By Sheri Kasprzak

New York, June 11 - The Maryland Health and Higher Educational Facilities Authority sold $99,955,000 of series 2013B revenue bonds for Johns Hopkins University, said a pricing sheet.

The bonds (Aa2/AA/AA+) were sold through senior managers Goldman, Sachs & Co. and Morgan Stanley & Co. LLC.

The bonds are due 2020 to 2023 with term bonds due in 2037, 2038 and 2041. The serial bonds have 5% coupons. The 2037 bonds have a 4.5% coupon priced at 103.678, and the 2038 bonds have a 5% coupon priced at 109.842. The 2041 bonds have a 4.25% coupon priced at 99.188.

Proceeds will be used to finance a loan to the university, as well as to refund the university's series 2001B and 2004A revenue bonds.

Issuer:	Maryland Health and Higher Educational Facilities Authority/Johns Hopkins University
Issue:	Series 2013B revenue bonds
Amount:	$99,955,000
Type:	Negotiated
Underwriters:	Goldman, Sachs & Co. and Morgan Stanley & Co. LLC (lead), J.P. Morgan Securities LLC and Ramirez & Co. (co-managers)
Ratings:	Moody's: Aa2
	Standard & Poor's: AA
	Fitch: AA+
Pricing date:	June 11
Settlement date:	June 20
Amount	Maturity	Type	Coupon	Price
$8,615,000	2020	Serial	5%	119.729
$8.61 million	2021	Serial	5%	120.1
$8,615,000	2022	Serial	5%	120.545
$8,615,000	2023	Serial	5%	121.168
$13.1 million	2037	Term	4.5%	103.678
$13.1 million	2038	Term	5%	109.842
$39.3 million	2041	Term	4.25%	99.188

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