By Sheri Kasprzak
New York, May 13 - SSM Health Care in Missouri priced $104 million in series 2008A health facilities revenue bonds, a final official statement said.
The bonds (/AA-/AA-) were sold through the Health and Educational Facilities Authority of Missouri.
Citigroup Global Markets and UBS Investment Bank were the lead managers for the negotiated deal.
SSM sold $8.705 million in term bonds due June 1, 2028 with a 5% coupon to yield 5.07%, as well as $95.295 million in term bonds due June 1, 2036 with a 5% coupon to yield 5.22%.
Proceeds from the deal will be used finance and refinance capital improvements at SSM Health Care.
| Issuer: | SSM Health Care/Health and Educational Facilities Authority of Missouri
|
| Issue: | Series 2008A health facilities revenue bonds
|
| Amount: | $104 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets and UBS Investment Bank
|
| Ratings: | S&P: AA-
|
| Fitch: AA-
|
| Pricing date: | May 8
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2028 | Term | 5% | 5.07%
|
| 2036 | Term | 5% | 5.22%
|
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