By Sheri Kasprzak
New York, Sept. 16 – The Oregon Facilities Authority priced $71.07 million of series 2015C revenue bonds for Providence Health and Services, according to a pricing sheet.
The bonds (Aa3/AA-/AA) were sold through BofA Merrill Lynch.
The bonds are due Oct. 1, 2045 and have a 4% coupon to yield 4.11% and a 5% coupon to yield 3.71%.
Proceeds will be used to finance capital improvements to Providence Health facilities.
| Issuer: | Oregon Facilities Authority/Providence Health and Services
|
| Issue: | Series 2015C revenue bonds
|
| Amount: | $71.07 million
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: AA-
|
| Fitch: AA
|
| Pricing date: | Sept. 10
|
| Settlement date: | Sept. 30
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $51.07 million | Oct. 1, 2045 | Term | 4% | 4.11%
|
| $20 million | Oct. 1, 2045 | Term | 5% | 3.71%
|
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