By Sheri Kasprzak
New York, Nov. 10 - Palomar Pomerado Health of California priced Wednesday $166.015 million of series 2010 certificates of participation on Wednesday, according to a pricing sheet.
The bonds (Baa3//BB+) were sold through Citigroup Global Markets Inc.
The bonds are due 2021, 2030 and 2041 with 5.25% to 6% coupons.
Proceeds will be used to finance or reimburse the company for the costs of constructing, equipping, acquiring and upgrading hospital facilities.
| Issuer: | Palomar Pomerado Health
|
| Issue: | Series 2010 certificates of participation
|
| Amount: | $166.015 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (lead)
|
| Ratings: | Moody's: Baa3
|
| Fitch: BB+
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 18
|
|
|
| Maturity | Type | Coupon | Price
|
| 2021 | Term | 5.25% | 97.96
|
| 2030 | Term | 6% | 98.851
|
| 2041 | Term | 6% | 96.591
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
