By Sheri Kasprzak
New York, Oct. 21 - The North Carolina Medical Commission priced $150.715 million in series 2009 health care facilities revenue bonds for Duke University Health System on Wednesday, according to a term sheet.
The sale included $65.355 million in series 2009A bonds, $65.36 million in series 2009B bonds and $20 million in series 2009C bonds.
The senior manager for the bonds (Aa2/AA/AA) was Citigroup Global Markets Inc. with co-managers J.P. Morgan Securities Inc., Merrill Lynch & Co., SunTrust Robinson Humphrey Inc. and Wells Fargo Securities Inc.
All three series have a 0.56% coupon, priced at par, and all three series are due June 1, 2039.
Proceeds will be used to construct, acquire, equip, expand and renovate health care facilities operated by Duke University Health.
Duke University is based in Durham, N.C.
| Issuer: | North Carolina Medical Commission/Duke University Health System
|
| Issue: | Series 2009 health care facilities revenue bonds
|
| Amount: | $150.715 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (lead), J.P. Morgan Securities Inc., Merrill Lynch & Co., SunTrust Robinson Humphrey Inc. and Wells Fargo Securities Inc. (co-managers)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | Oct. 21
|
| Settlement date: | Nov. 15
|
|
|
| Series 2009 A
|
| Maturity | Type | Coupon | Price
|
| 2039 | Term | 0.56% | Par
|
|
|
| Series 2009B
|
| Maturity | Type | Coupon | Price
|
| 2039 | Term | 0.56% | Par
|
|
|
| Series 2009C
|
| Maturity | Type | Coupon | Price
|
| 2039 | Term | 0.56% | Par
|
© 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.
