Published on 11/28/2012 in the Prospect News Municipals Daily.
New Issue: Missouri Health prices $250 million of revenue bonds for Mercy Health
By Sheri Kasprzak
New York, Nov. 28 - The Missouri Health and Educational Facilities Authority sold $250 million of series 2012 health facilities revenue bonds for Mercy Health, according to a term sheet.
The bonds were sold through Bank of America Merrill Lynch and Barclays.
The bonds are due 2019 to 2023 with term bonds due in 2039 and 2042. The serial bonds have 3% coupons. The 2039 bonds have a 3.75% coupon priced at 98.826, and the 2042 bonds have a 4% coupon priced at 105.396.
Proceeds will be used to construct a new hospital in Joplin, Mo., to replace St. John's Mercy Hospital, acquire real property for hospital facilities and relocate and renovate the labor and delivery unit at Mercy Hospital St. Louis.
| Issuer: | Missouri Health and Educational Facilities Authority/Mercy Health
|
| Issue: | Series 2012 health facilities revenue bonds
|
| Amount: | $250 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch and Barclays (lead)
|
| Pricing date: | Nov. 28
|
| Settlement date: | Dec. 18
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $7,575,000 | 2019 | Serial | 3% | 108.099
|
| $7,775,000 | 2020 | Serial | 3% | 107.735
|
| $8.13 million | 2021 | Serial | 3% | 106.856
|
| $8,335,000 | 2022 | Serial | 3% | 105.805
|
| $2,965,000 | 2023 | Serial | 3% | NRO
|
| $15 million | 2039 | Term | 3.75% | 98.826
|
| $200.22 million | 2042 | Term | 4% | 105.396
|
© 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.
