By Sheri Kasprzak
New York, Nov. 10 - WellSpan Health of Pennsylvania priced $200.53 million in series 2008A revenue bonds, according to an official statement released Monday. The bonds were sold through the General Authority of Southcentral Pennsylvania.
The bonds (//AA-) were sold on a negotiated basis with Citigroup Global Markets as the senior manager.
The bonds are due 2009 to 2018 with term bonds due 2025 and 2029. The serials have coupons from 3% to 6% and yields from 2.85% to 5.85%. The 2025 bonds have a 6% coupon to yield 6.41%, and the 2029 bonds have a 6% coupon to yield 6.5%.
Proceeds will be used to refund the authority's series 2002, 2005A, 2005B, 2005C, 2005D, 2007A and 2007B bonds.
| Issuer: | WellSpan Health System/General Authority of Southcentral Pennsylvania
|
| Issue: | Series 2008A revenue bonds
|
| Amount: | $200.53 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets
|
| Rating: | Fitch: AA-
|
| Pricing date: | Nov. 4
|
| Settlement date: | Nov. 12
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2009 | Serial | 3% | 2.85%
|
| 2009 | Serial | 4% | 2.85%
|
| 2010 | Serial | 5% | 4.10%
|
| 2011 | Serial | 4.25% | 4.50%
|
| 2011 | Serial | 5% | 4.50%
|
| 2012 | Serial | 4.5% | 4.80%
|
| 2012 | Serial | 5.25% | 4.80%
|
| 2013 | Serial | 4.5% | 5.00%
|
| 2013 | Serial | 5.25% | 5.00%
|
| 2014 | Serial | 5.25% | 5.15%
|
| 2015 | Serial | 5.5% | 5.36%
|
| 2016 | Serial | 6% | 5.60%
|
| 2017 | Serial | 6% | 5.75%
|
| 2018 | Serial | 5.625% | 5.85%
|
| 2025 | Term | 6% | 6.41%
|
| 2029 | Term | 6% | 6.50%
|
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