By Sheri Kasprzak
New York, July 14 - The Berks County Municipal Authority in Pennsylvania recently sold $100 million in series 2009A-5 variable-rate revenue bonds for Reading Hospital and Medical Center, according to an official statement.
The bonds (Aa3/AA/AA-) priced Friday. The bonds, which are due May 1, 2032, priced at Sifma plus 27 basis points.
RBC Capital Markets Inc. was the senior manager.
Proceeds will be used to fund improvements to the Reading Hospital and Medical Center, which is based in Reading, Pa.
| Issuer: | Berks County Municipal Authority/Reading Hospital and Medical Center
|
| Issue: | Series 2009A-5 variable-rate revenue bonds
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Maturity: | May 1, 2032
|
| Yield: | Sifma plus 27 bps
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
| Fitch: AA-
|
| Underwriter: | RBC Capital Markets Inc.
|
| Pricing date: | July 10
|
| Settlement date: | July 15
|
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