Published on 9/3/2013 in the Prospect News Municipals Daily.
New Issue: Providence Health and Services, Ore., sells $78.19 million revenue debt
By Sheri Kasprzak
New York, Sept. 3 - The Providence Health and Services of Oregon sold $78.19 million of series 2013A revenue bonds, according to an official statement.
The bonds (Aa2/AA/AA) were sold through senior manager BofA Merrill Lynch.
The bonds are due 2014 to 2024 with 2% to 5% coupons and yields from 0.38% to 4.03%.
Proceeds will be used to refund existing debt.
| Issuer: | Providence Health and Services
|
| Issue: | Series 2013A revenue bonds
|
| Amount: | $78.19 million
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch (lead)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | Aug. 22
|
| Settlement date: | Sept. 18
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $5,675,000 | 2014 | Serial | 2% | 0.38%
|
| $5,915,000 | 2015 | Serial | 3% | 0.68%
|
| $6,095,000 | 2016 | Serial | 4% | 1.06%
|
| $6,335,000 | 2017 | Serial | 5% | 1.53%
|
| $6,655,000 | 2018 | Serial | 5% | 2.01%
|
| $6,985,000 | 2019 | Serial | 5% | 2.56%
|
| $7,335,000 | 2020 | Serial | 5% | 2.96%
|
| $7,705,000 | 2021 | Serial | 5% | 3.37%
|
| $8,085,000 | 2022 | Serial | 5% | 3.66%
|
| $8.49 million | 2023 | Serial | 5% | 3.8%
|
| $8,915,000 | 2024 | Serial | 5% | 4.03%
|
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