By Sheri Kasprzak
New York, July 21 - The Tulare Local Health Care District in California priced $70 million in series 2008 general obligation bonds on July 15, said an official statement released Monday.
The bonds (A3) were sold on competitive basis with Raymond James as the winning bidder. G.L. Hicks Financial was the financial adviser for the offering.
The bonds are due from 2013 to 2031 with a term bond due 2038. The serials have coupons from 5.125% to 5.25% with yields from 3.84% to 5.25%. The 2038 bonds have a 5.5% coupon and were priced to yield 5.4%.
Proceeds will be used for the expansion and renovation of the district's hospital.
| Issuer: | Tulare Local Health Care District
|
| Issue: | Series 2008 general obligation bonds
|
| Amount: | $70 million
|
| Type: | Competitive
|
| Underwriter: | Raymond James
|
| Ratings: | Moody's: A3
|
| Pricing date: | July 15
|
| Settlement date: | Aug. 12
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2013 | Serial | 5.25% | 3.84%
|
| 2014 | Serial | 5.25% | 3.96%
|
| 2015 | Serial | 5.25% | 4.08%
|
| 2016 | Serial | 5.25% | 4.20%
|
| 2017 | Serial | 5.25% | 4.32%
|
| 2018 | Serial | 5.25% | 4.44%
|
| 2019 | Serial | 5.25% | 4.56%
|
| 2020 | Serial | 5.25% | 4.67%
|
| 2021 | Serial | 5.25% | 4.77%
|
| 2022 | Serial | 5.25% | 4.83%
|
| 2023 | Serial | 5.25% | 4.89%
|
| 2024 | Serial | 5.25% | 4.95%
|
| 2025 | Serial | 5.25% | 5.00%
|
| 2026 | Serial | 5.25% | 5.05%
|
| 2027 | Serial | 5.25% | 5.10%
|
| 2028 | Serial | 5.25% | 5.13%
|
| 2029 | Serial | 5.25% | 5.17%
|
| 2030 | Serial | 5.125% | 5.21%
|
| 2031 | Serial | 5.125% | 5.25%
|
| 2038 | Term | 5.5% | 5.40%
|
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