Published on 4/23/2015 in the Prospect News Municipals Daily.
New Issue: Allen County, Ohio, prices $159.2 million of Mercy Health revenue bonds
By Sheri Kasprzak
New York, April 23 – Allen County, Ohio, priced $159,205,000 of series 2015A revenue bonds for Mercy Health, according to a pricing sheet.
The bonds were sold through J.P. Morgan Securities LLC.
The bonds are due 2043 to 2045 with 4% to 5% coupons and 3.69% to 4.26% yields.
Proceeds will be used to construct, equip and renovate Mercy Health facilities and refund the county’s series 2010A bonds issued for Catholic Healthcare Partners.
| Issuer: | Allen County, Ohio/Mercy Health
|
| Issue: | Series 2015A revenue bonds
|
| Amount: | $159,205,000
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead), PNC Capital Markets LLC, Fifth Third Securities Inc., Wells Fargo Securities LLC and Connors & Co. Inc. (co-managers)
|
| Pricing date: | April 23
|
| Settlement date: | April 29
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $30.6 million | 2043 | Serial | 5% | 110.422 | 3.69%
|
| $97,105,000 | 2044 | Serial | 4% | 96.634 | 4.20%
|
| $31.5 million | 2045 | Serial | 4.25% | 99.829 | 4.26%
|
|
|
|
|
© 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.
