By Sheri Kasprzak
New York, Nov. 1 - The Alachua County Health Facilities Authority sold $143.12 million of series 2011 health facilities revenue bonds for the Terraces at Bonita Springs project, according to an official statement.
The offering included $83.97 million of series 2011A fixed-rate bonds, $10 million of series 2011B-1 tax-exempt mandatory paydown securities and $49.15 million of series 2011B-2 tax-exempt mandatory paydown securities.
The 2011A bonds are due 2021, 2031, 2041 and 2046. The 2021 bonds have a 7.5% coupon priced at par. The 2031 bonds have an 8% coupon priced at 99.501, and the 2041 bonds have a 8.125% coupon priced at 99.162. The 2046 bonds have an 8.125% coupon priced at 98.568.
The 2011B-1 bonds are due in 2019 and have a 7.375% coupon priced at par. The 2011B-2 bonds are due in 2016 and have a 7.125% coupon priced at par.
Ziegler Capital Markets Inc. was the senior manager.
Proceeds will fund construction, development, land acquisition and equipment of a continuing care retirement community in Bonita Springs, Fla.
| Issuer: | Alachua County Health Facilities Authority/Terraces at Bonita Springs
|
| Issue: | Series 2011 health facilities revenue bonds
|
| Amount: | $143.12 million
|
| Type: | Negotiated
|
| Underwriter: | Ziegler Capital Markets Inc.
|
| Pricing date: | Oct. 21
|
| Settlement date: | Nov. 3
|
|
|
| $83.97 million series 2011A fixed-rate bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.235 million | 2021 | Term | 7.5% | 100
|
| $15.88 million | 2031 | Term | 8% | 99.501
|
| $34.475 million | 2041 | Term | 8.125% | 99.162
|
| $30.38 million | 2046 | Term | 8.125% | 98.568
|
|
|
| $10 million series 2011B-1 tax-exempt mandatory paydown securities
|
| Maturity | Type | Coupon | Price
|
| 2019 | Term | 7.375% | 100
|
|
|
| $49.15 million series 2011B-2 tax-exempt mandatory paydown securities
|
| Maturity | Type | Coupon | Price
|
| 2016 | Term | 7.125% | 100
|
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