New Issue: Lucas County, Ohio, sells $46.76 million of ProMedica Healthcare bonds

By Sheri Kasprzak

New York, Sept. 24 – Lucas County, Ohio, sold $46,755,000 of series 2015B hospital revenue bonds for the ProMedica Healthcare Obligated Group, according to a pricing sheet. The offering was downsized from $50 million.

The bonds (Aa3/AA/) were sold through senior managers Barclays and Citigroup Global Markets Inc.

The bonds are due Nov. 15, 2045 and have a 4% coupon priced at 97.5 to yield 4.146%.

Proceeds will be used to construct, equip, furnish and improve ProMedica facilities in Lucas County.

Issuer:	Lucas County, Ohio/ProMedica Healthcare Obligated Group
Issue:	Series 2015B hospital revenue bonds
Amount:	$46,755,000
Maturity:	Nov. 15, 2045
Coupon:	4%
Price:	97.5
Yield:	4.146%
Type:	Negotiated
Underwriters:	Barclays and Citigroup Global Markets Inc. (lead), Fifth Third Securities Inc. and PNC Capital Markets LLC (co-managers)
Ratings:	Moody’s: Aa3
	Standard & Poor’s: AA
Pricing date:	Sept. 24
Settlement date:	Sept. 30

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