By Sheri Kasprzak
New York, Nov. 8 - The Washington Health Care Facilities Authority priced $60 million of series 2012A revenue bonds for the MultiCare Health System, according to a pricing sheet.
The bonds (/A-1/AA-) were sold through Barclays.
The offering included $16.29 million of 2042 bonds with a 5% coupon priced at 109.956 to yield 3.77% and $43.71 million of 2046 bonds with a 4% coupon priced at 97.728 to yield 4.125%.
Proceeds will be used to finance or reimburse the health system for the construction, renovation, equipment, repair and acquisition of MultiCare facilities.
Issuer: | Washington Health Care Facilities Authority/MultiCare Health System
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Issue: | Series 2012A revenue bonds
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Amount: | $60 million
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Type: | Negotiated
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Underwriters: | Barclays (lead), Wells Fargo Securities LLC and J.P. Morgan Securities LLC (co-managers)
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Ratings: | Standard & Poor's: A-1
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| Fitch: AA-
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Pricing date: | Nov. 1
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Settlement date: | Nov. 13
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$16.29 million series 2012A revenue bonds
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Maturity | Type | Coupon | Price | Yield
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Aug. 15, 2042 | Term | 5% | 109.956 | 3.77%
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$43.71 million series 2012A revenue bonds
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Maturity | Type | Coupon | Price | Yield
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Aug. 15, 2046 | Term | 4% | 97.728 | 4.125%
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