New Issue: Arizona Health Facilities prices $48.26 million of Phoenix Children's Hospital bonds

By Sheri Kasprzak

New York, Feb. 6 - The Arizona Health Facilities Authority of Arizona priced $48,255,000 of series 2013D fixed-rate revenue bonds for the Phoenix Children's Hospital, according to a pricing sheet. The deal was downsized from $55 million.

The bonds (/BBB+/) were sold through senior manager Bank of America Merrill Lynch.

The bonds are due 2021 to 2028 with term bonds due in 2033, 2043 and 2048. The serial coupons range from 3% to 5%. The 2033 bonds have a 5% coupon, but the bonds were not reoffered. The 2043 bonds have a split maturity with a 4% coupon priced at 98.282 and a 5% coupon that was not reoffered. The 2048 bonds have a 5% coupon but the bonds were not reoffered.

Proceeds will be used to finance the construction, equipment and improvement of hospital facilities, as well as to refund the authority's series 2007 bonds.

Issuer:	Arizona Health Facilities Authority/Phoenix Children's Hospital
Issue:	Series 2013D fixed-rate revenue bonds
Amount:	$48,255,000
Type:	Negotiated
Underwriter:	Bank of America Merrill Lynch
Ratings:	Fitch: BBB+
Pricing date:	Feb. 5
Settlement date:	Feb. 26
Amount	Maturity	Type	Coupon	Price
$810,000	2021	Serial	3%	102.487
$855,000	2022	Serial	4%	109.009
$895,000	2023	Serial	4%	107.995
$940,000	2024	Serial	5%	NRO
$990,000	2025	Serial	5%	NRO
$1.04 million	2026	Serial	5%	NRO
$1.09 million	2027	Serial	3.5%	98.371
$1.15 million	2028	Serial	5%	NRO
$6,695,000	2033	Term	5%	NRO
$5 million	2043	Term	4%	98.282
$14.62 million	2043	Term	5%	NRO
$14.17 million	2048	Term	5%	NRO

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