Published on 9/17/2012 in the Prospect News Municipals Daily.
New Issue: New Mexico Hospital Equipment prices $71.75 million of revenue bonds
By Sheri Kasprzak
New York, Sept. 17 - The New Mexico Hospital Equipment Loan Council sold $71,745,000 of series 2012A hospital improvement and revenue refunding bonds for the Gerald Champion Regional Medical Center, according to a pricing sheet.
The bonds (/BB/) were sold through Jefferies & Co.
The sale included $10.92 million of bonds due July 1, 2022 and $60,825,000 of bonds due July 1, 2042. The 2022 bonds have a 4.75% coupon priced at par and the 2042 bonds have a 5.5% coupon to yield 5.7%.
Proceeds will be used to construct, improve, renovate and equip a new patient tower at the medical center and refund the medical center's series 2007A bonds.
| Issuer: | New Mexico Hospital Equipment Loan Council/Gerald Champion Regional Medical Center
|
| Issue: | Series 2012A hospital improvement and revenue refunding bonds
|
| Amount: | $71,745,000
|
| Type: | Negotiated
|
| Underwriter: | Jefferies & Co.
|
| Ratings: | Standard & Poor's: BB
|
| Pricing date: | Sept. 13
|
| Settlement date: | Sept. 19
|
|
|
| $10.92 million bonds
|
| Maturity | Type | Coupon | Price
|
| July 1, 2022 | Term | 4.75% | 100
|
|
|
| $60,825,000 bonds
|
| Maturity | Type | Coupon | Yield
|
| July 1, 2042 | Term | 5.5% | 5.7%
|
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