Published on 3/26/2013 in the Prospect News Municipals Daily.
New Issue: Franklin County, Ohio, brings $226.33 million OhioHealth revenue bonds
By Sheri Kasprzak
New York, March 26 - Franklin County, Ohio, priced $226.33 million of series 2013 hospital facilities revenue refunding bonds for OhioHealth Corp., according to a pricing sheet.
The bonds (Aa2/AA+/AA) were sold through Barclays.
The bonds are due 2014 to 2033 with a term bond due in 2043. The serial coupons range from 3% to 5%. The 2043 bonds have a 4% coupon priced at 97.436.
Proceeds will be used to construct, equip, acquire and renovate hospital facilities.
| Issuer: | Franklin County, Ohio/OhioHealth Corp.
|
| Issue: | Series 2013 hospital facilities revenue refunding bonds
|
| Amount: | $226.33 million
|
| Type: | Negotiated
|
| Underwriter: | Barclays (lead)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Fitch: AA
|
| Pricing date: | March 26
|
| Settlement date: | May 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $4,905,000 | 2014 | Serial | 3% | 102.745
|
| $5.79 million | 2015 | Serial | 4% | 107.006
|
| $5.62 million | 2016 | Serial | 4% | 109.682
|
| $6,265,000 | 2017 | Serial | 5% | 116.096
|
| $6.35 million | 2018 | Serial | 5% | 118.525
|
| $6,645,000 | 2019 | Serial | 5% | 120.134
|
| $6,775,000 | 2020 | Serial | 5% | 121.139
|
| $7.23 million | 2021 | Serial | 5% | 121.677
|
| $7,115,000 | 2022 | Serial | 5% | 122.194
|
| $9.61 million | 2023 | Serial | 5% | 122.571
|
| $7,125,000 | 2024 | Serial | 5% | 120.986
|
| $7.36 million | 2025 | Serial | 5% | 119.329
|
| $7.59 million | 2026 | Serial | 5% | 117.889
|
| $8,015,000 | 2027 | Serial | 5% | 116.752
|
| $8.71 million | 2028 | Serial | 5% | 115.908
|
| $8.86 million | 2029 | Serial | 5% | 115.349
|
| $12.51 million | 2030 | Serial | 5% | 114.794
|
| $8.74 million | 2031 | Serial | 5% | 114.517
|
| $8.88 million | 2032 | Serial | 3.625% | 96.85
|
| $9.06 million | 2033 | Serial | 3.75% | 97.926
|
| $73,175,000 | 2043 | Term | 4% | 97.436
|
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