Published on 3/6/2014 in the Prospect News Municipals Daily.
New Issue: Oregon Facilities prices $66.06 million of PeaceHealth revenue bonds
By Sheri Kasprzak
New York, March 6 - The Oregon Facilities Authority sold $66.06 million of series 2014A refunding revenue bonds for PeaceHealth, according to a pricing sheet.
The bonds (/A/A+) were sold through senior manager Goldman, Sachs & Co.
The bonds are due 2016 to 2029 with a term bond due in 2032. The serial bonds have 5% coupons with 0.65% to 4% yields. The 2032 bonds have a 4.125% coupon priced at 98.396 to yield 4.25%.
Proceeds will be used to refund the Oregon Health, Housing, Educational and Cultural Facilities Authority series 2001 revenue bonds issued for PeaceHealth.
| Issuer: | Oregon Facilities Authority/PeaceHealth
|
| Issue: | Series 2014A refunding revenue bonds
|
| Amount: | $66.06 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. (lead), BofA Merrill Lynch and Wells Fargo Securities LLC (co-managers)
|
| Ratings: | Standard & Poor's: A
|
| Fitch: A+
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 18
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $675,000 | 2016 | Serial | 5% | 111.445 | 0.65%
|
| $1.37 million | 2017 | Serial | 5% | 114.332 | 1%
|
| $1.46 million | 2018 | Serial | 5% | 116.031 | 1.43%
|
| $2.45 million | 2019 | Serial | 5% | 117.198 | 1.79%
|
| $2,635,000 | 2020 | Serial | 5% | 116.577 | 2.30%
|
| $2.72 million | 2021 | Serial | 5% | 116.037 | 2.67%
|
| $2,905,000 | 2022 | Serial | 5% | 115.394 | 2.97%
|
| $3,095,000 | 2023 | Serial | 5% | 114.76 | 3.21%
|
| $3.28 million | 2024 | Serial | 5% | 113.826 | 3.38%
|
| $3.37 million | 2025 | Serial | 5% | 111818 | 3.6%
|
| $3.66 million | 2026 | Serial | 5% | 110.651 | 3.73%
|
| $3.85 million | 2027 | Serial | 5% | 109.676 | 3.84%
|
| $4,135,000 | 2028 | Serial | 5% | 109.06 | 3.91%
|
| $8.32 million | 2029 | Serial | 5% | 108.275 | 4%
|
| $22,135,000 | 2032 | Term | 4.125% | 98.396 | 4.25%
|
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