Published on 12/24/2013 in the Prospect News Municipals Daily.
New Issue: Jasper Hospital Authority, Ind., prices $56.59 million of revenue bonds
By Sheri Kasprzak
New York, Dec. 24 - The Hospital Authority of Jasper, Ind., sold $56,585,000 of series 2013 revenue and refunding bonds for the Memorial Hospital and Health Care, according to an official statement.
The bonds (/A-/) were sold through Fifth Third Securities Inc.
The bonds are due 2014 to 2029 with term bonds due in 2032 and 2035. The serial coupons range from 3% to 5% with 0.69% to 4.9% yields. The 2032 bonds have a 5.75% coupon priced at 104.733 to yield 5.13%, and the 2035 bonds have a 5.125% coupon priced at 96.989 to yield 5.36%.
Proceeds will be used to finance capital improvements, renovations and repairs to Memorial Hospital and Health Care, as well as to refund the authority's series 2002 revenue bonds.
| Issuer: | Jasper Hospital Authority/Memorial Hospital and Health Care
|
| Issue: | Series 2013 revenue and refunding bonds
|
| Amount: | $56,585,000
|
| Type: | Negotiated
|
| Underwriter: | Fifth Third Securities Inc.
|
| Rating: | Standard & Poor's: A-
|
| Pricing date: | Dec. 17
|
| Settlement date: | Dec. 31
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $1,865,000 | 2014 | Serial | 3% | 101.915 | 0.69%
|
| $1,615,000 | 2015 | Serial | 3% | 103.846 | 0.88%
|
| $1.66 million | 2016 | Serial | 4% | 107.921 | 1.15%
|
| $1,725,000 | 2017 | Serial | 4% | 109.082 | 1.55%
|
| $1,795,000 | 2018 | Serial | 5% | 113.604 | 2.03%
|
| $1,885,000 | 2019 | Serial | 5% | 113.430 | 2.51%
|
| $1.98 million | 2020 | Serial | 5% | 112.401 | 2.98%
|
| $2.08 million | 2021 | Serial | 5% | 110.845 | 3.41%
|
| $2,185,000 | 2022 | Serial | 5% | 109.399 | 3.74%
|
| $2.29 million | 2023 | Serial | 5% | 108.312 | 3.97%
|
| $2,405,000 | 2024 | Serial | 4% | 98.183 | 4.21%
|
| $2.5 million | 2025 | Serial | 4.125% | 97.750 | 4.37%
|
| $2.61 million | 2026 | Serial | 4.25% | 97.577 | 4.5%
|
| $2,715,000 | 2027 | Serial | 4.375% | 97.510 | 4.62%
|
| $2,835,000 | 2028 | Serial | 4.5% | 97.354 | 4.75%
|
| $2.96 million | 2029 | Serial | 5% | 100.766 | 4.9%
|
| $9.88 million | 2032 | Term | 5.75% | 104.733 | 5.13%
|
| $11.6 million | 2035 | Term | 5.125% | 96.989 | 5.36%
|
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