Published on 9/24/2014 in the Prospect News Municipals Daily.
New Issue: Multnomah County Hospital, Ore., sells $93.38 million refunding bonds
By Sheri Kasprzak
New York, Sept. 24 – The Multnomah County Hospital Facilities Authority of Oregon priced $93.38 million of series 2014A revenue refunding bonds for the Mirabella South at Waterfront, according to a pricing sheet.
The bonds were sold through Cain Brothers.
The bonds are due in 2019, 2024, 2034, 2044 and 2049. The 2019 bonds have a 5% coupon priced at 105.653 to yield 3.75%, the 2024 bonds have a 5% coupon priced at par and the 2034 bonds have a 5.125% coupon priced at par. The 2044 bonds have a 5.4% coupon priced at 100.537 to yield 5.33% and the 2049 bonds have a 5.5% coupon priced at 100.228 to yield 5.47%.
Proceeds will be used to refund existing revenue bonds.
| Issuer: | Multnomah County Hospital Facilities Authority/Mirabella South at Waterfront
|
| Issue: | Series 2014A revenue refunding bonds
|
| Amount: | $93.38 million
|
| Type: | Negotiated
|
| Underwriter: | Cain Brothers
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 30
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $5,055,000 | 2019 | Term | 5% | 105.653 | 3.75%
|
| $6,485,000 | 2024 | Term | 5% | 100 | 4.70%
|
| $19,155,000 | 2034 | Term | 5.125% | 100 | 5.125%
|
| $32.47 million | 2044 | Term | 5.4% | 100.537 | 5.33%
|
| $30,215,000 | 2049 | Term | 5.5% | 100.228 | 5.47%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
