Published on 7/23/2013 in the Prospect News Municipals Daily.
New Issue: Miami-Dade County Health prices $105.56 million hospital revenue bonds
By Sheri Kasprzak
New York, July 23 - The Miami-Dade County Health Facilities Authority of Florida sold $105,555,000 of series 2013 hospital revenue refunding bonds for the Miami Children's Hospital, according to a pricing sheet.
The bonds (/A/A) were sold through J.P. Morgan Securities LLC and Wells Fargo Securities LLC.
The bonds are due 2014 to 2032 with term bonds due in 2037 and 2042. The serial coupons range from 2% to 5%. The 2037 bonds have a 5.125% coupon priced at 97.638 and the 2042 bonds have a 5.25% coupon priced at 97.528.
Proceeds will be used to refund the hospital's series 2006A-2, 2006B-1 and 2006B-2 revenue bonds.
| Issuer: | Miami-Dade County Health Facilities Authority/Miami Children's Hospital
|
| Issue: | Series 2013 hospital revenue refunding bonds
|
| Amount: | $105,555,000
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead)
|
| Ratings: | Standard & Poor's: A
|
| Fitch: A
|
| Pricing date: | July 23
|
| Settlement date: | Aug. 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1 million | 2014 | Serial | 2% | 101.303
|
| $2 million | 2015 | Serial | 3% | 103.647
|
| $2 million | 2016 | Serial | 3% | 104.054
|
| $3.01 million | 2017 | Serial | 5% | 111.518
|
| $3.16 million | 2018 | Serial | 4% | 107.545
|
| $3.23 million | 2019 | Serial | 5% | 112.484
|
| $3,435,000 | 2020 | Serial | 4% | 105.495
|
| $3,555,000 | 2021 | Serial | 5% | 110.461
|
| $3.67 million | 2022 | Serial | 5% | 109.074
|
| $3,935,000 | 2023 | Serial | 5% | 108.261
|
| $4,105,000 | 2024 | Serial | 5% | 106.477
|
| $4.33 million | 2025 | Serial | 5% | 105.059
|
| $4,515,000 | 2026 | Serial | 5% | 103.664
|
| $4,755,000 | 2027 | Serial | 5% | 102.371
|
| $4.95 million | 2028 | Serial | 5% | 101.256
|
| $5.25 million | 2029 | Serial | 5% | 100.469
|
| $5.51 million | 2030 | Serial | 5% | 99.773
|
| $5.78 million | 2031 | Serial | 5% | 99.296
|
| $6.05 million | 2032 | Serial | 5% | 98.792
|
| $17.86 million | 2037 | Term | 5.125% | 97.638
|
| $13,455,000 | 2042 | Term | 5.25% | 97.528
|
© 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.
