New Issue: University Hospitals Health, Ohio, brings $90.74 million revenue bonds

By Sheri Kasprzak

New York, Nov. 20 - The State of Ohio sold $90,735,000 of series 2013A hospital revenue bonds for the University Hospitals Health System, said a pricing sheet.

The bonds (A2/A/) were sold through BofA Merrill Lynch and Barclays.

The bonds are due 2016 to 2029 with 4% to 5% coupons and 0.90% to 4.78% yields.

Proceeds will be used to refund the system's series 2008B, 2008D and 2008E revenue bonds.

Issuer:	State of Ohio/University Hospitals Health System
Issue:	Series 2013A hospital revenue bonds
Amount:	$90,735,000
Type:	Negotiated
Underwriters:	BofA Merrill Lynch and Barclays (lead), BB&T Capital Markets LLC, PNC Capital Markets LLC, Huntington Investment Co. and Wells Fargo Securities LLC (co-managers)
Ratings:	Moody's: A2
	Standard & Poor's: A
Pricing date:	Nov. 20
Settlement date:	Dec. 10
Amount	Maturity	Type	Coupon	Price	Yield
$2.56 million	2016	Serial	4%	106.425	0.90%
$2,615,000	2017	Serial	5%	111.162	1.31%
$2,105,000	2018	Serial	5%	112.878	1.73%
$1.93 million	2019	Serial	3%	103.542	2.26%
$3.6 million	2020	Serial	5%	112.429	2.77%
$3.35 million	2021	Serial	3%	98.674	3.21%
$6 million	2022	Serial	5%	110.345	3.52%
$3,825,000	2023	Serial	5%	109.717	3.73%
$5,215,000	2024	Serial	5%	107.717	3.98%
$9,465,000	2025	Serial	4%	98.936	4.12%
$10,105,000	2026	Serial	4.125%	98.359	4.30%
$755,000	2027	Serial	4.5%	99.702	4.53%
$8 million	2027	Serial	5%	103.846	4.48%
$15.71 million	2028	Serial	5%	103.016	4.59%
$1.11 million	2029	Serial	4.75%	99.675	4.78%
$14.39 million	2029	Serial	5%	102.121	4.71%

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