Published on 3/27/2013 in the Prospect News Municipals Daily.
New Issue: Aspirus Obligated Group, Wis., sells $90.57 million 2013 revenue bonds
By Sheri Kasprzak
New York, March 27 - The Wisconsin Health and Educational Facilities Authority sold $90,565,000 of series 2013 revenue bonds for the Aspirus Inc. Obligated Group, according to a pricing sheet.
The bonds (A2/A/) were sold through Barclays and Piper Jaffray & Co.
The bonds are due 2013 to 2030 with term bonds due in 2033, 2038 and 2043. The serial coupons range from 2% to 5%. The 2033 bonds have a 4% coupon priced at 98.218 and the 2038 bonds have a 4% coupon priced at 96.139. The 2043 bonds have a 4.25% coupon priced at 98.319.
Proceeds will be used to provide loans to the Aspirus Wausau Hospital, Memorial Health Center Inc., Aspirus Grand View Hospital and Langlade Hospital, as well as to refund the authority's series 2000 revenue bonds and refinance a line of credit.
| Issuer: | Wisconsin Health and Educational Facilities Authority/Aspirus Inc. Obligated Group
|
| Issue: | Series 2013 revenue bonds
|
| Amount: | $90,565,000
|
| Type: | Negotiated
|
| Underwriters: | Barclays and Piper Jaffray & Co. (lead)
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Pricing date: | March 27
|
| Settlement date: | April 12
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $695,000 | 2013 | Serial | 2% | 100.528
|
| $735,000 | 2014 | Serial | 2% | 101.881
|
| $745,000 | 2015 | Serial | 3% | 105.092
|
| $740,000 | 2016 | Serial | 3% | 106.351
|
| $765,000 | 2017 | Serial | 4% | 111.315
|
| $925,000 | 2018 | Serial | 4% | 112.238
|
| $960,000 | 2019 | Serial | 5% | 118.239
|
| $1,385,000 | 2020 | Serial | 5% | 119.108
|
| $2.07 million | 2021 | Serial | 5% | 118.88
|
| $4.3 million | 2022 | Serial | 5% | 118.965
|
| $2,705,000 | 2023 | Serial | 5% | 118.055
|
| $2.86 million | 2024 | Serial | 5% | 115.738
|
| $2.98 million | 2025 | Serial | 5% | 114.411
|
| $3.15 million | 2026 | Serial | 5% | 113.288
|
| $3,315,000 | 2027 | Serial | 5% | 112.362
|
| $3.51 million | 2028 | Serial | 5% | 111.537
|
| $3,685,000 | 2029 | Serial | 5% | 110.991
|
| $3.88 million | 2030 | Serial | 3.75% | 97.257
|
| $11,595,000 | 2033 | Term | 4% | 98.218
|
| $29.09 million | 2038 | Term | 4% | 96.139
|
| $10,475,000 | 2043 | Term | 4.25% | 98.319
|
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