By Sheri Kasprzak
New York, May 12 - Whittier, Calif., sold $58 million in series 2009D health facility revenue bonds, according to an official statement released Tuesday.
The bonds (/A+/) were sold Thursday for the Presbyterian Intercommunity Hospital.
Citigroup Global Markets Inc. and Merrill Lynch & Co. Inc. were the lead managers.
The bonds are due 2010 to 2017 with coupons from 3% to 5% and yields from 2.53% to 5.1%.
Proceeds will be used to repair the hospital's central plant facility and to refund the hospital's series 2007 bonds.
| Issuer: | City of Whittier, Calif./Presbyterian Intercommunity Hospital
|
| Issue: | Series 2009D health facility revenue bonds
|
| Amount: | $58 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Merrill Lynch & Co. Inc. (lead)
|
| Rating: | Standard & Poor's: A+
|
| Pricing date: | May 7
|
| Settlement date: | May 14
|
|
|
| Maturity | Type | Coupon | Yield | Price
|
| 2010 | Serial | 3% | 2.53% | 100.481
|
| 2011 | Serial | 3% | 3.33% | 99.351
|
| 2011 | Serial | 5% | 3.33% | 103.276
|
| 2012 | Serial | 5% | 3.88% | 103.187
|
| 2013 | Serial | 4% | 4.10% | 99.628
|
| 2013 | Serial | 5% | 4.10% | 103.322
|
| 2014 | Serial | 4.25% | 4.50% | 98.880
|
| 2015 | Serial | 4.5% | 4.75% | 98.696
|
| 2015 | Serial | 5% | 4.75% | 101.298
|
| 2016 | Serial | 5% | 5.00% | 100.000
|
| 2017 | Serial | 5% | 5.10% | 99.343
|
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