New Issue: Baylor Health, Texas, prices $63.05 million taxable bonds

By Sheri Kasprzak

New York, April 10 - The Tarrant County Cultural Education Facilities Finance Corp. of Texas priced $63,045,000 of series 2013C taxable revenue bonds for the Baylor Health Care System, according to a pricing sheet.

The bonds (/AA-/) were sold through J.P. Morgan Securities LLC and Citigroup Global Markets Inc.

The bonds are due Nov. 15, 2043 with a 4.45% coupon priced at par.

Proceeds will be used to refinance the costs to construct and equip health facilities for Baylor Health Care System.

Issuer:	Tarrant County Cultural Education Facilities Finance Corp./Baylor Health Care System
Issue:	Series 2013C taxable hospital revenue bonds
Amount:	$63,045,000
Maturity:	Nov. 15, 2043
Coupon:	4.45%
Price:	Par
Yield:	4.45%
Type:	Negotiated
Underwriter:	J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead)
Rating:	Standard & Poor's: AA-
Pricing date:	April 10
Settlement date:	April 18

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