New Issue: Massachusetts Development prices $57.79 million of Southcoast Health revenue bonds

By Sheri Kasprzak

New York, Jan. 30 - The Massachusetts Development Finance Agency sold $57,785,000 of series 2013F revenue bonds for the Southcoast Health System Obligated Group, according to a pricing sheet.

The bonds (A2/A/) were sold through Citigroup Global Markets Inc.

The bonds are due 2014 to 2022 with term bonds due in 2027, 2032, 2037 and 2043. The serial coupons range from 2% to 5%. The 2027 bonds have a 5% coupon priced at 116.751 and the 2032 bonds have a 4% coupon priced at 102.911. The 2037 bonds have a 5% coupon priced at 112.309 and the 2043 bonds have a 4% coupon priced at 99.473.

Proceeds will be used to finance or reimburse the agency for capital projects.

Issuer:	Massachusetts Development Finance Agency/Southcoast Health System Obligated Group
Issue:	Series 2013F revenue bonds
Amount:	$57,785,000
Type:	Negotiated
Underwriter:	Citigroup Global Markets Inc.
Rating:	Moody's: A2
Standard & Poor's: A
Pricing date:	Jan. 29
Settlement date:	Feb. 14
Amount	Maturity	Type	Coupon	Price
$945,000	2014	Serial	2%	101.657
$950,000	2015	Serial	3%	104.644
$975,000	2016	Serial	3%	105.603
$990,000	2017	Serial	3%	106.204
$1,005,000	2018	Serial	4%	111.286
$1,035,000	2019	Serial	4%	111.795
$1.06 million	2020	Serial	4%	111.909
$1,085,000	2021	Serial	5%	119.294
$1.13 million	2022	Serial	5%	119.677
$6.15 million	2027	Term	5%	116.751
$2.05 million	2032	Term	4%	102.911
$9,725,000	2037	Term	5%	112.309
$30,685,000	2043	Term	4%	99.473

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