Published on 4/14/2015 in the Prospect News Municipals Daily.
New Issue: Missouri Health offers up $126.49 million of CoxHealth revenue bonds
By Sheri Kasprzak
New York, April 14 – The Missouri Health and Educational Facilities Authority sold $126,485,000 of series 2015A health facilities revenue bonds for CoxHealth, according to a pricing sheet.
The bonds (A2//A) were sold through Jefferies & Co.
The bonds are due 2022 to 2035 with a term bond due in 2039. The serial coupons range from 3.5% to 5% with 2.43% to 3.7% yields. The 2039 bonds have a 4% coupon priced at 99 to yield 4.065% and a 5% coupon priced at 112.303 to yield 3.59%.
Proceeds will be used to refund CoxHealth’s series 2008A revenue bonds.
| Issuer: | Missouri Health and Educational Facilities Authority/CoxHealth
|
| Issue: | Series 2015A health facilities revenue bonds
|
| Amount: | $126,485,000
|
| Type: | Negotiated
|
| Underwriter: | Jefferies & Co.
|
| Ratings: | Moody’s; A2
|
| Fitch: A
|
| Pricing date: | April 9
|
| Settlement date: | April 22
|
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|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3,955,000 | 2022 | Serial | 5% | 118.95 | 2.62%
|
| $4,075,000 | 2023 | Serial | 5% | 119.76 | 2.43%
|
| $4,215,000 | 2024 | Serial | 5% | 120.486 | 2.57%
|
| $4,435,000 | 2025 | Serial | 5% | 120.708 | 2.73%
|
| $4,585,000 | 2026 | Serial | 5% | 118.988 | 2.90%
|
| $5.02 million | 2027 | Serial | 5% | 117.396 | 3.06%
|
| $6.51 million | 2028 | Serial | 5% | 116.414 | 3.16%
|
| $6,785,000 | 2029 | Serial | 5% | 115.927 | 3.21%
|
| $7,085,000 | 2030 | Serial | 5% | 115.249 | 3.28%
|
| $6.22 million | 2031 | Serial | 3.5% | 97.537 | 3.70%
|
| $1,125,000 | 2031 | Serial | 5% | 114.672 | 3.34%
|
| $7.63 million | 2032 | Serial | 5% | 114.193 | 3.39%
|
| $7.98 million | 2033 | Serial | 5% | 113.812 | 3.43%
|
| $8.35 million | 2034 | Serial | 5% | 113.432 | 3.47%
|
| $8,875,000 | 2035 | Serial | 5% | 113.149 | 3.50%
|
| $14.64 million | 2039 | Term | 4% | 99 | 4.065%
|
| $25 million | 2039 | Term | 5% | 112.303 | 3.59%
|
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