By Sheri Kasprzak
New York, June 23 - The Washington Health Care Facilities Authority sold $93.28 million of series 2011B revenue bonds for Providence Health & Services, according to a pricing sheet.
The bonds (Aa2/AA-/AA-) were offered through Bank of America Merrill Lynch and Goldman Sachs & Co.
The bonds are due 2012 to 2021 with 2% to 5% coupons.
Proceeds will be used to refund Providence Health's series 2001A bonds.
| Issuer: | Washington Health Care Facilities Authority/Providence Health & Services
|
| Issue: | Series 2011B revenue bonds
|
| Amount: | $93.28 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch and Goldman Sachs & Co.
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's AA-
|
| Fitch: AA-
|
| Pricing date: | June 23
|
| Settlement date: | July 13
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $8.045 million | 2012 | Serial | 2% | NRO
|
| $7.87 million | 2013 | Serial | 3% | 104.485
|
| $8.79 million | 2014 | Serial | 4% | 108.246
|
| $8.895 million | 2015 | Serial | 5% | 113.327
|
| $510,000 | 2016 | Serial | 3% | 104.928
|
| $8.39 million | 2016 | Serial | 5% | 114.788
|
| $6.65 million | 2017 | Serial | 5% | 115.178
|
| $10.235 million | 2018 | Serial | 5% | 114.985
|
| $3 million | 2019 | Serial | 4% | 107.155
|
| $7.72 million | 2019 | Serial | 5% | 114.386
|
| $11.27 million | 2020 | Serial | 5% | 113.836
|
| $3 million | 2021 | Serial | 3.5% | 100.595
|
| $8.905 million | 2021 | Serial | 5% | 113.429
|
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