Published on 6/10/2011 in the Prospect News Municipals Daily.
New Issue: Franklin County, Ohio, sells $313.79 million for OhioHealth Corp.
By Sheri Kasprzak
New York, June 10 - Franklin County, Ohio, priced $313.785 million of series 2011 hospital facilities revenue and refunding bonds for OhioHealth Corp., said a pricing sheet.
The offering included $130.045 million of series 2011A revenue bonds, $61.205 million of series 2011B refunding bonds, $61.24 million of series 2011C refunding bonds and $61.295 million of series 2011D refunding bonds.
The bonds were sold through Barclays Capital Inc.
The 2011A bonds are due 2012 to 2027 with term bonds due in 2036 and 2041. The serial coupons range from 2% to 5%. The 2036 bonds have a 5% coupon priced at 99.142. The 2041 bonds have a 5% coupon priced at 98.61. The 2011B bonds are due Nov. 15, 2033 and have a 2% coupon priced at 101.707. The 2011C bonds are due Nov. 15, 2033, but the pricing terms were not available. The 2011D bonds are due Nov. 15, 2033 and have a 4% coupon priced at 107.892.
Proceeds will be used to finance or refinance construction, acquisition, equipment and improvement of existing health care system facilities, as well as to refund OhioHealth's series 2006 bonds.
| Issuer: | Franklin County, Ohio/OhioHealth Corp.
|
| Issue: | Series 2011 hospital facilities revenue and refunding bonds
|
| Amount: | $313.785 million
|
| Type: | Negotiated
|
| Underwriter: | Barclays Capital Inc.
|
| Pricing date: | June 10
|
| Settlement date: | June 23
|
|
|
| $130.045 million series 2011A revenue bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.56 million | 2012 | Serial | 2% | 101.59
|
| $1.895 million | 2013 | Serial | 3% | 104.646
|
| $1.495 million | 2014 | Serial | 3.5% | 106.765
|
| $55,000 | 2015 | Serial | 3% | 104.96
|
| $1.805 million | 2015 | Serial | 55 | 113.369
|
| $245,000 | 2016 | Serial | 3% | 104.67
|
| $1.64 million | 2016 | Serial | 5% | 114.825
|
| $650,000 | 2017 | Serial | 4% | 108.565
|
| $1.36 million | 2017 | Serial | 5% | 114.432
|
| $1.98 million | 2018 | Serial | 4% | 107.133
|
| $2.145 million | 2019 | Serial | 5% | 113.47
|
| $415,000 | 2020 | Serial | 4% | 105.116
|
| $2.2 million | 2020 | Serial | 5% | 113.115
|
| $4.205 million | 2021 | Serial | 5% | 112.416
|
| $1.125 million | 2022 | Serial | 5% | 110.402
|
| $675,000 | 2023 | Serial | 4% | 100
|
| $645,000 | 2024 | Serial | 4.125% | 99.234
|
| $660,000 | 2025 | Serial | 4.25% | 98.934
|
| $290,000 | 2026 | Serial | 4.375% | 98.837
|
| $125,000 | 2027 | Serial | 4.5% | 99.194
|
| $28.55 million | 2036 | Term | 5% | 99.142
|
| $76.305 million | 2041 | Term | 5% | 98.61
|
|
|
| $61.205 million series 2011B refunding bonds
|
| Maturity | Type | Coupon | Price
|
| Nov. 15, 2033 | Term | 2% | 101.707
|
|
|
| $61.295 million series 2011D refunding bonds
|
| Maturity | Type | Coupon | Price
|
| Nov. 15, 2033 | Term | 4% | 107.892
|
© 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.
