By Sheri Kasprzak
New York, Nov. 7 - Franklin County, Ohio, sold $50.55 million of series 2013A health care facilities improvement revenue bonds for OPRS Communities Inc., according to a pricing sheet.
The bonds (/BBB-/) were sold through Ziegler Capital Inc.
The bonds are due 2028, 2032, 2035 and 2040. The 2028 bonds have a 5.25% coupon priced at 97.996 and the 2032 bonds have a 5.625% coupon priced at 97.461. The 2035 bonds have a 6% coupon priced at 99.393 and the 2040 bonds have a 6.125% coupon priced at 99.02.
Proceeds will be used to reimburse the corporation for the construction, equipment, renovation and improvement of health care facilities, as well as to retire a loan from PNC Bank.
| Issuer: | Franklin County, Ohio/OPRS Communities
|
| Issue: | Series 2013A health care facilities improvement revenue bonds
|
| Amount: | $50.55 million
|
| Type: | Negotiated
|
| Underwriter: | Ziegler Capital Inc. (lead)
|
| Rating: | Standard & Poor's: BBB-
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 19
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.5 million | 2028 | Term | 5.25% | 97.996
|
| $2 million | 2032 | Term | 5.625% | 97.461
|
| $10.88 million | 2035 | Term | 6% | 99.393
|
| $36.17 million | 2040 | Term | 6.125% | 99.02
|
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