Published on 5/4/2016 in the Prospect News Municipals Daily.
New Issue: Scioto County, Ohio, sells $122.22 million Southern Ohio Medical bonds
By Sheri Kasprzak
New York, May 4 – Scioto County, Ohio, sold $122,215,000 of series 2016 hospital facilities refunding revenue bonds for Southern Ohio Medical Center, according to a pricing sheet.
The bonds (A2) were sold through Barclays.
The bonds are due 2017 to 2035 with a term bond due in 2038. The serial coupons range from 3% to 5% and yields range from 0.73% to 3.51%. The 2038 bonds have a 3.5% coupon priced at 97.904 to yield 3.64%.
Proceeds will be used to refund the medical center’s series 2006A-B and 2008 revenue bonds.
| Issuer: | Scioto County, Ohio/Southern Ohio Medical Center
|
| Issue: | Series 2016 hospital facilities refunding revenue bonds
|
| Amount: | $122,215,000
|
| Type: | Negotiated
|
| Underwriter: | Barclays
|
| Rating: | Moody’s: A2
|
| Pricing date: | April 27
|
| Settlement date: | May 10
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3,295,000 | 2017 | Serial | 3% | 101.725 | 0.73%
|
| $3.38 million | 2018 | Serial | 5% | 107.194 | 0.88%
|
| $3.55 million | 2019 | Serial | 5% | 110.76 | 1.04%
|
| $3,725,000 | 2020 | Serial | 5% | 113.783 | 1.24%
|
| $3.91 million | 2021 | Serial | 5% | 116.633 | 1.38%
|
| $4.11 million | 2022 | Serial | 5% | 118.647 | 1.60%
|
| $4,315,000 | 2023 | Serial | 5% | 120.431 | 1.78%
|
| $4.53 million | 2024 | Serial | 5% | 121.792 | 1.96%
|
| $4.75 million | 2025 | Serial | 5% | 122.92 | 2.12%
|
| $4,995,000 | 2026 | Serial | 5% | 123.982 | 2.25%
|
| $5,245,000 | 2027 | Serial | 5% | 122.507 | 2.40%
|
| $2,505,000 | 2028 | Serial | 5% | 121.246 | 2.53%
|
| $5,775,000 | 2029 | Serial | 5% | 120.382 | 2.62%
|
| $6.07 million | 2030 | Serial | 5% | 119.81 | 2.68%
|
| $6.37 million | 2031 | Serial | 3% | 98.353 | 3.14%
|
| $6,565,000 | 2032 | Serial | 5% | 118.864 | 2.78%
|
| $6.89 million | 2033 | Serial | 5% | 118.301 | 2.84%
|
| $7,235,000 | 2034 | Serial | 5% | 117.741 | 2.90%
|
| $7.6 million | 2035 | Serial | 3.375% | 98.152 | 3.51%
|
| $24.4 million | 2038 | Term | 3.5% | 97.904 | 3.64%
|
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