By Sheri Kasprzak
New York, Nov. 3 - The Indiana Finance Authority sold $244.655 million in series 2009A revenue and refunding bonds for Trinity Health Credit Group, according to a pricing sheet.
The bonds (Aa2/AA/AA) were sold through senior managers Goldman, Sachs & Co. and Merrill Lynch & Co.
The bonds are due 2010 to 2018 with term bonds due 2038 and 2038. The serial bonds have coupons from 2% to 5% and yields from 1.05% to 4.36%. The 2038 bonds have a 5.25% coupon to yield 5.5% and the second 2038 bonds have a 5.625% coupon to yield 5.4%.
Proceeds will be used to fund Trinity Health projects, to redeem a portion of the group's commercial paper notes and to refund existing debt.
| Issuer: | Indiana Finance Authority/Trinity Health Credit Group
|
| Issue: | Series 2009A revenue and refunding bonds
|
| Amount: | $244.655 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. and Merrill Lynch & Co. (lead)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | Oct. 29
|
| Settlement date: | Nov. 13
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2010 | Serial | 2% | 1.05%
|
| 2010 | Serial | 2.5% | 1.05%
|
| 2011 | Serial | 3% | 1.75%
|
| 2011 | Serial | 5% | 1.75%
|
| 2012 | Serial | 4% | 2.35%
|
| 2012 | Serial | 5% | 2.35%
|
| 2013 | Serial | 5% | 2.80%
|
| 2014 | Serial | 5% | 3.32%
|
| 2015 | Serial | 5% | 3.73%
|
| 2016 | Serial | 5% | 3.99%
|
| 2017 | Serial | 5% | 4.20%
|
| 2018 | Serial | 4.125% | 4.36%
|
| 2018 | Serial | 5% | 4.36%
|
| 2038 | Term | 5.25% | 5.50%
|
| 2038 | Term | 5.625% | 5.40%
|
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