Published on 12/1/2014 in the Prospect News Municipals Daily.
New Issue: Pulaski County Public Facilities, Ark., sells $138.91 million of bonds
By Sheri Kasprzak
New York, Dec. 1 – The Pulaski County Public Facilities Board of Arkansas sold $138.91 million of series 2014 health care revenue bonds for Baptist Health, according to a pricing sheet.
The bonds (/A+/) were sold through Stephens Inc., Raymond James/Morgan Keegan and Crews & Associates.
The bonds are due 2022 to 2031 with term bonds due in 2039, 2042 and 2044. The serial bonds have a 5% coupon with a 2.60% to 3.58% yields. The 2039 bonds have a 5% coupon priced at 109.436 to yield 3.85% and the 2042 bonds have a 5% coupon priced at 108.574 to yield 3.95%. The 2044 bonds have a 4.25% coupon priced at 97.922 to yield 4.375%.
Proceeds will be used to acquire, construct and design health care facilities.
| Issuer: | Pulaski County Public Facilities Board, Ark./Baptist Health
|
| Issue: | Series 2014 health care revenue bonds
|
| Amount: | $138.91 million
|
| Type: | Negotiated
|
| Underwriters: | Stephens Inc., Raymond James/Morgan Keegan and Crews & Associates
|
| Rating: | Standard & Poor’s: A+
|
| Pricing date: | Nov. 19
|
| Settlement date: | Dec. 16
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3,355,000 | 2022 | Serial | 5% | 117.152 | 2.60%
|
| $3.52 million | 2023 | Serial | 5% | 117.496 | 2.78%
|
| $3.7 million | 2024 | Serial | 5% | 117.86 | 2.92%
|
| $3,885,000 | 2025 | Serial | 5% | 116.077 | 3.11%
|
| $4,075,000 | 2026 | Serial | 5% | 114.693 | 3.26%
|
| $4.28 million | 2027 | Serial | 5% | 113.6 | 3.38%
|
| $4,495,000 | 2028 | Serial | 5% | 113.148 | 3.43%
|
| $4.72 million | 2029 | Serial | 5% | 112.698 | 3.48%
|
| $4,955,000 | 2030 | Serial | 5% | 112.25 | 3.53%
|
| $5,205,000 | 2031 | Serial | 5% | 111.805 | 3.58%
|
| $52.18 million | 2039 | Term | 5% | 109.436 | 3.85%
|
| $25.45 million | 2042 | Term | 5% | 108.574 | 3.95%
|
| $19.09 million | 2044 | Term | 4.25% | 97.922 | 4.375%
|
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