By Sheri Kasprzak
New York, April 19 - The Illinois Finance Authority sold $88.67 million of series 2012E revenue bonds for Ascension Health Alliance, according to a pricing sheet.
The bonds (/AA+/) were sold through Morgan Stanley & Co. LLC and Citigroup Global Markets Inc.
The deal included $45.43 million of series 2012E-1 bonds and $43.24 million of series 2012E-2 bonds.
The 2012E-1 bonds are due Nov. 15, 2042 and bear interest at 5% priced at 111.758. The 2012E-2 bonds are due Nov. 15, 2042 and have a 5% coupon priced at 116.352.
Proceeds will be used to finance or refinance projects completed by Ascension Health's Illinois, Missouri and Maryland affiliates and refund existing debt.
| Issuer: | Illinois Finance Authority/Ascension Health Alliance
|
| Issue: | Series 2012E revenue bonds
|
| Amount: | $88.67 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. (lead)
|
| Rating: | Standard & Poor's: AA+
|
| Pricing date: | April 19
|
| Settlement date: | May 10
|
|
|
| $45.43 million series 2012E-1 revenue bonds
|
| Maturity | Type | Coupon | Price
|
| Nov. 15, 2042 | Term | 5% | 111.758
|
|
|
| $43.24 million series 2012E-2 revenue bonds
|
| Maturity | Type | Coupon | Price
|
| Nov. 15, 2042 | Term | 5% | 116.352
|
© 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.
