By Sheri Kasprzak
New York, June 3 - The Montgomery County Industrial Development Authority of Pennsylvania sold $313.84 million in series 2010 FHA-insured mortgage revenue bonds, according to a pricing sheet.
The bonds will be sold through Goldman Sachs & Co.
The bonds are due 2013 to 2020 with term bonds due 2024, 2025, 2030, 2033 and 2038. The serial bonds have 5% coupons. The 2024 bonds have a 5% coupon, the 2025 bonds have a 5.5% coupon and the 2030 bonds have a 5.75% coupon. The 2033 bonds have a 5.25% coupon. The 2038 bonds have a 5.375% coupon.
The full pricing details were not immediately available.
Proceeds will be used to construct a new hospital in East Norriton, Pa.
| Issuer: | Montgomery County Industrial Development Authority
|
| Issue: | Series 2010 FHA-insured mortgage revenue bonds
|
| Amount: | $313.84 million
|
| Type: | Negotiated
|
| Underwriter: | Goldman Sachs & Co. (lead)
|
| Pricing date: | June 3
|
| Settlement date: | June 23
|
|
|
| Maturity | Type | Coupon
|
| 2013 | Serial | 5%
|
| 2014 | Serial | 5%
|
| 2014 | serial | 5%
|
| 2015 | Serial | 5%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 5%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 5%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 5%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 5%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 5%
|
| 2020 | Serial | 5%
|
| 2024 | Term | 5%
|
| 2025 | Term | 5.5%
|
| 2030 | Term | 5.75%
|
| 2033 | Term | 5.25%
|
| 2038 | Term | 5.375%
|
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