Published on 3/17/2015 in the Prospect News Municipals Daily.
New Issue: Oklahoma Development Finance prices $201.04 million Integris bonds
By Sheri Kasprzak
New York, March 17 – The Oklahoma Development Finance Authority sold $201,035,000 of series 2015A health system revenue refunding bonds for Integris Obligated Group, according to a pricing sheet.
The bonds (Aa3/AA-/) were sold through Morgan Stanley & Co. LLC.
The bonds are due 2015 to 2032 with a term bond due in 2038. The serial coupons range from 1% to 5%. The 2038 bonds have a 4% coupon priced at 99.557.
Proceeds will be used to refund the authority’s series 2008B-C revenue bonds.
| Issuer: | Oklahoma Development Finance Authority/Integris Obligated Group
|
| Issue: | Series 2015A health system revenue refunding bonds
|
| Amount: | $201,035,000
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: AA-
|
| Pricing date: | March 17
|
| Settlement date: | April 15
|
|
|
| Amount | Maturity | Type | Coupon | Price/Yield
|
| $7.35 million | 2015 | Serial | 1% | 0.98%
|
| $6,035,000 | 2016 | Serial | 4% | 101.181
|
| $6,245,000 | 2017 | Serial | 5% | 105.558
|
| $7.12 million | 2018 | Serial | 5% | 108.716
|
| $7,565,000 | 2019 | Serial | 5% | 111.336
|
| $7,975,000 | 2020 | Serial | 5% | 113.593
|
| $8,315,000 | 2021 | Serial | NRO | NRO
|
| $8,765,000 | 2022 | Serial | 5% | 116.209
|
| $9,255,000 | 2023 | Serial | 5% | 117.238
|
| $9.74 million | 2024 | Serial | 5% | 118.038
|
| $10.03 million | 2025 | Serial | 5% | 118.769
|
| $10.62 million | 2026 | Serial | 5% | 119.024
|
| $11.14 million | 2027 | Serial | 5% | 118.043
|
| $11.71 million | 2028 | Serial | 5% | 116.878
|
| $12,335,000 | 2029 | Serial | 5% | 116.301
|
| $2,795,000 | 2030 | Serial | 5% | 115.251
|
| $3.23 million | 2031 | Serial | 5% | 114.683
|
| $3,145,000 | 2032 | Serial | 5% | 114.307
|
| $57,665,000 | 2038 | Term | 4% | 99.557
|
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