New Issue: Mercy Health, Ohio, brings to market $150 million 3.382% taxable bonds

By Sheri Kasprzak

New York, April 27 – Mercy Health of Ohio sold $150 million of series 2015 taxable bonds, according to an official statement.

The bonds (A1/AA-/AA-) were sold through J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.

The bonds are due Nov. 1, 2025 and have a 3.382% coupon priced at par.

Proceeds will be used for general corporate purposes.

Issuer:	Mercy Health
Issue:	Series 2015 taxable bonds
Amount:	$150 million
Maturity:	Nov. 1, 2025
Underwriters:	J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
Coupon:	3.382%
Price:	100
Yield:	3.382%
Type:	Negotiated
Ratings:	Moody’s: A1
	Standard & Poor’s: AA-
	Fitch: AA-
Pricing date:	April 22
Settlement date:	April 29

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