By Sheri Kasprzak
New York, Aug. 7 – The Washington Health Care Facilities Authority sold $77,635,000 of series 2015A revenue bonds for Providence Health & Services, according to a pricing sheet.
The bonds (Aa3/AA-/AA) were sold through BofA Merrill Lynch and Morgan Stanley & Co. LLC.
The bonds are due Oct. 1, 2045 and have a 4% coupon priced at 97.766 to yield 4.13%.
Proceeds will be used to construct, equip, remodel and improve Providence Health facilities.
Issuer: | Washington Health Care Facilities Authority/Providence Health & Services
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Issue: | Series 2015A revenue bonds
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Amount: | $77,635,000
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Maturity: | Oct. 1, 2045
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Coupon: | 4%
|
Price: | 97.766
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Yield: | 4.13%
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Type: | Negotiated
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Underwriters: | BofA Merrill Lynch and Morgan Stanley & Co. LLC (lead)
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Ratings: | Moody’s: Aa3
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| Standard & Poor’s: AA-
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| Fitch: AA
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Pricing date: | Aug. 6
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Settlement date: | Aug. 12
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