Published on 6/22/2015 in the Prospect News Municipals Daily.
New Issue: Ochsner Clinic Foundation, La., prices $252.82 million of taxable bonds
By Sheri Kasprzak
New York, June 22 – The Ochsner Clinic Foundation of Louisiana sold $252.82 million of series 2015 taxable bonds, according to a pricing sheet.
The bonds (Baa1//BBB+) were sold through Citigroup Global Markets Inc.
The bonds are due May 15, 2045 and have a 5.897% coupon priced at par.
Proceeds will be used for general corporate purposes.
| Issuer: | Ochsner Clinic Foundation
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| Issue: | Series 2015 taxable bonds
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| Amount: | $252.82 million
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| Maturity: | May 15, 2045
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| Coupon: | 5.897%
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| Price: | 100
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| Type: | Negotiated
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| Underwriter: | Citigroup Global Markets Inc. (lead)
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| Ratings: | Moody’s: Baa1
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| Fitch: BBB+
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| Pricing date: | June 17
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| Settlement date: | June 24
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