Published on 4/15/2015 in the Prospect News Municipals Daily.
New Issue: Monongalia County Building, W.Va., prices $51.45 million revenue bonds
By Sheri Kasprzak
New York, April 15 – The Monongalia County Building Commission of West Virginia sold $51.45 million of series 2015 refunding and improvement revenue bonds for the Monongalia Health System Obligated Group, according to a pricing sheet.
The bonds (/A-/A-) were sold through Goldman, Sachs & Co.
The bonds are due 2016 to 2030 with a term bond due in 2035. The serial bonds have 3% to 5% coupons. The 2035 bonds have a 4% coupon priced at 98.631.
Proceeds will be used to finance capital improvements to the Monongalia County General Hospital and refund the commission’s series 2005A revenue bonds.
| Issuer: | Monongalia County Building Commission/Monongalia Health System Obligated Group
|
| Issue: | Series 2015 refunding and improvement revenue bonds
|
| Amount: | $51.45 million
|
| Type: | Negotiated
|
| Underwriter: | Goldman, Sachs & Co.
|
| Ratings: | Standard & Poor’s: A-
|
| Fitch: A-
|
| Pricing date: | April 14
|
| Settlement date: | April 22
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $990,000 | 2016 | Serial | 3% | 102.724
|
| $1,035,000 | 2017 | Serial | 4% | 106.217
|
| $1.57 million | 2018 | Serial | 5% | 110.866
|
| $1.65 million | 2019 | Serial | 5% | 113.034
|
| $1,735,000 | 2020 | Serial | 5% | 114.827
|
| $1,825,000 | 2021 | Serial | 5% | 116.122
|
| $1,915,000 | 2022 | Serial | 5% | 116.789
|
| $2.02 million | 2023 | Serial | 5% | 117.279
|
| $2.12 million | 2024 | Serial | 5% | 117.451
|
| $2.23 million | 2025 | Serial | 5% | 117.638
|
| $2.76 million | 2026 | Serial | 5% | 115.921
|
| $2.9 million | 2027 | Serial | 5% | 114.514
|
| $3,045,000 | 2028 | Serial | 5% | 113.402
|
| $3.2 million | 2029 | Serial | 5% | 112.76
|
| $3.36 million | 2030 | Serial | 5% | 112.122
|
| $19,095,000 | 2035 | Term | 4% | 98.631
|
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|
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