New Issue: Northwest Community Hospital, Ill., sells $154.765 million revenue bonds to yield 2.9%-5.72%

By Sheri Kasprzak

New York, Aug. 29 - The Northwest Community Hospital in Illinois priced $154.765 million in series 2008A revenue bonds through the Illinois Finance Authority, according to an official statement.

The bonds (Aa3/AA-/) were sold through senior managers Goldman, Sachs & Co. and Loop Capital Markets.

The bonds are due 2010 to 2023 with term bonds due 2028, 2033 and 2038. The serials have coupons from 4% to 5.25% with yields from 2.9% to 5.15%. The 2028 bonds have a 5.25% coupon to yield 5.45%, the 2033 bonds have a 5.375% coupon to yield 5.66% and the 2038 bonds have a 5.5% coupon to yield 5.72%.

Proceeds will be used for the construction, acquisition and equipping of capital projects at the hospital.

Issuer:	Northwest Community Hospital/ Illinois Finance Authority
Issue:	Series 2008A revenue bonds
Amount:	$154.765 million
Type:	Negotiated
Underwriters:	Goldman, Sachs & Co. and Loop Capital Markets
Ratings:	Moody's: Aa3
	Standard & Poor's: AA-
Pricing date:	Aug. 27
Settlement date:	Sept. 19
Maturity	Type	Coupon	Yield
2010	Serial	4%	2.90%
2011	Serial	4%	3.30%
2012	Serial	5%	3.50%
2013	Serial	5%	3.75%
2014	Serial	4%	3.95%
2015	Serial	4%	4.11%
2015	Serial	5%	4.11%
2016	Serial	4.25%	4.27%
2016	Serial	5.5%	4.27%
2017	Serial	4.375%	4.43%
2017	Serial	5%	4.43%
2018	Serial	4.5%	4.59%
2018	Serial	5%	4.59%
2019	Serial	4.625%	4.75%
2020	Serial	4.75%	4.90%
2020	Serial	5.25%	4.90%
2021	Serial	4.75%	5.01%
2022	Serial	5%	5.09%
2023	Serial	5%	5.15%
2028	Term	5.25%	5.45%
2033	Term	5.375%	5.66%
2038	Term	5.5%	5.72%

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