By Sheri Kasprzak
New York, May 12 - The Illinois Finance Authority sold $51.22 million of series 2011B variable-rate demand revenue bonds on Thursday for the Methodist Medical Center of Illinois, according to a pricing sheet.
The bonds (Aa3/VMIG1//A+/F1) were sold through Morgan Stanley & Co. Inc.
The bonds are due Nov. 15, 2040 and bear interest at the weekly rate.
Proceeds will be used to refinance taxable debt issued to construct, equip, acquire and renovate Methodist Medical facilities.
| Issuer: | Illinois Finance Authority/Methodist Medical Center of Illinois
|
| Issue: | Series 2011B variable-rate demand revenue bonds
|
| Amount: | $51.22 million
|
| Maturity: | Nov. 15, 2040
|
| Coupon: | Weekly
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. Inc.
|
| Ratings: | Moody's: Aa3/VMIG1
|
| Fitch: A+/F1
|
| Pricing date: | May 12
|
| Settlement date: | May 12
|
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