By Sheri Kasprzak
New York, Feb. 3 - The State of Ohio priced $92.75 million of series 2010 hospital revenue bonds for University Hospitals Health System Inc., said a pricing sheet.
The bonds (A2) were sold through senior managers Bank of America Merrill Lynch and Citigroup Global Markets Inc. The co-managers are Edward Jones & Co., KeyBanc Capital Markets Inc., PNC Capital Markets LLC and Wells Fargo Securities Inc.
The bonds are due 2011 to 2027 with coupons from 2.25% to 5.25%.
Proceeds will be used to fund the construction, renovation, equipment and acquisition of hospital facilities and refund a portion of the health system's series 2008A-E bonds.
| Issuer: | State of Ohio/University Hospitals Health System Inc.
|
| Issue: | Series 2010 hospital revenue bonds
|
| Amount: | $92.75 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead), Edward Jones & Co., KeyBanc Capital Markets Inc., PNC Capital Markets LLC and Wells Fargo Securities Inc. (co-managers)
|
| Rating: | Moody's: A2
|
| Pricing date: | Feb. 3
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | 102.169
|
| 2012 | Serial | 2.25% | 100.924
|
| 2013 | Serial | 4% | 105.22
|
| 2014 | Serial | 2.75% | 100.518
|
| 2014 | Serial | 5% | 108.865
|
| 2015 | Serial | 3.25% | 100.451
|
| 2015 | Serial | 5% | 108.38
|
| 2016 | Serial | 3.5% | 99.574
|
| 2017 | Serial | 4.5% | 103.67
|
| 2017 | Serial | 5% | 106.681
|
| 2018 | Serial | 5% | 105.344
|
| 2019 | Serial | 4.5% | 100.508
|
| 2020 | Serial | 5% | 103.155
|
| 2021 | Serial | 4.75% | 100
|
| 2021 | Serial | 5.25% | 103.917
|
| 2022 | Serial | 4.75% | 99.188
|
| 2022 | Serial | 5.25% | 103.198
|
| 2023 | Serial | 4.875% | 99.664
|
| 2023 | Serial | 5.25% | 102.642
|
| 2024 | Serial | 5% | 100.151
|
| 2025 | Serial | 5% | 99.787
|
| 2026 | Serial | 5% | 99.021
|
| 2027 | Serial | 5.125% | 99.604
|
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