New Issue: Ascension Health, Mo., hits market with $700 million of taxable bonds

By Sheri Kasprzak

New York, May 2 – Ascension Health of Missouri priced $700 million of series 2016A taxable bonds, according to an official statement.

The bonds (Aa2/AA+/AA+) were sold through Morgan Stanley & Co. LLC as the senior manager and BofA Merrill Lynch and J.P. Morgan Securities LLC as the co-managers.

The bonds are due Nov. 15, 2046 and have a 3.945% coupon priced at par.

Proceeds will be used to refinance commercial paper notes.

Issuer:	Ascension Health
Issue:	Series 2016A taxable bonds
Amount:	$700 million
Maturity:	Nov. 15, 2046
Coupon:	3.945%
Price:	100
Type:	Negotiated
Underwriters:	Morgan Stanley & Co. LLC (lead), BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers)
Ratings:	Moody’s: Aa2
	Standard & Poor’s: AA+
	Fitch: AA+
Pricing date:	April 25
Settlement date:	May 11

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