Published on 12/5/2013 in the Prospect News Municipals Daily.
New Issue: Whidbey Island Public Hospital, Wash., sells $50 million of G.O. bonds
By Sheri Kasprzak
New York, Dec. 5 - The Whidbey Island Public Hospital District of Washington State sold $50 million of series 2013 unlimited tax general obligation bonds, according to a pricing sheet.
The bonds were sold through Piper Jaffray & Co.
The bonds are due 2014 to 2023 with term bonds due in 2025, 2028, 2033 and 2039. The serial coupons range from 4% to 5% with 0.67% to 4.18% yields. The 2025 bonds have a 4.125% coupon priced at 96.92 to yield 4.46% and the 2028 bonds have a 4.5% coupon priced at 96.512 to yield 4.83%. The 2033 bonds have a 5.5% coupon priced at 102.122 to yield 5.20% and the 2039 bonds have a 5.375% coupon priced at 97.203 to yield 5.58%.
Proceeds will be used to finance capital improvements to hospitals within the district.
| Issuer: | Whidbey Island Public Hospital District, Wash.
|
| Issue: | Series 2013 unlimited tax general obligation bonds
|
| Amount: | $50 million
|
| Type: | Negotiated
|
| Underwriter: | Piper Jaffray & Co.
|
| Pricing date: | Dec. 5
|
| Settlement date: | Dec. 18
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $440,000 | 2014 | Serial | 5% | 104.105 | 0.67%
|
| $400,000 | 2015 | Serial | 5% | 107.958 | 0.88%
|
| $475,000 | 2016 | Serial | 5% | 111.145 | 1.15%
|
| $560,000 | 2017 | Serial | 5% | 113.218 | 1.54%
|
| $650,000 | 2018 | Serial | 5% | 113.724 | 2.07%
|
| $745,000 | 2019 | Serial | 5% | 113.628 | 2.52%
|
| $845,000 | 2020 | Serial | 5% | 112.398 | 3.01%
|
| $955,000 | 2021 | Serial | 5% | 110.771 | 3.44%
|
| $1.07 million | 2022 | Serial | 5% | 109.191 | 3.78%
|
| $1.19 million | 2023 | Serial | 4% | 98.544 | 4.18%
|
| $2,745,000 | 2025 | Term | 4.125% | 96.92 | 4.46%
|
| $5,135,000 | 2028 | Term | 4.5% | 96.512 | 4.83%
|
| $12,115,000 | 2033 | Term | 5.5% | 102.122 | 5.20%
|
| $22,675,000 | 2039 | Term | 5.375% | 97.203 | 5.58%
|
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