Published on 1/15/2015 in the Prospect News Municipals Daily.
New Issue: Wisconsin Health prices $133.63 million of ProHealth refunding bonds
By Sheri Kasprzak
New York, Jan. 15 – The Wisconsin Health and Educational Facilities Authority sold $133.63 million of series 2015 revenue refunding bonds for ProHealth Care Inc., according to a pricing sheet.
The bonds (A1/A+/) were sold through RBC Capital Markets LLC.
The bonds are due 2025 with 2034 with a term bond due in 2039. The serial coupons range from 2.75% to 5% with yields from 2.78% to 3.375%. The 2039 bonds have a 5% coupon priced at 114.525 to yield 3.22%.
Proceeds will be used to refund the authority’s series 2009 revenue bonds.
| Issuer: | Wisconsin Health and Educational Facilities Authority/ProHealth Care Inc.
|
| Issue: | Series 2015 revenue refunding bonds
|
| Amount: | $133.63 million
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets LLC
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: A+
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 29
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3,505,000 | 2025 | Serial | 2.75% | 99.726 | 2.78%
|
| $8.68 million | 2026 | Serial | 3% | 100 | 3.00%
|
| $8,905,000 | 2027 | Serial | 3.15% | 100 | 3.15%
|
| $9,155,000 | 2028 | Serial | 3% | 100 | 3.30%
|
| $12.28 million | 2029 | Serial | 3.375% | 100 | 3.375%
|
| $12,125,000 | 2030 | Serial | 5% | 116.671 | 2.98%
|
| $10.31 million | 2031 | Serial | 5% | 116.22 | 3.03%
|
| $2.95 million | 2032 | Serial | 5% | 115.771 | 3.08%
|
| $7,545,000 | 2033 | Serial | 5% | 115.324 | 3.13%
|
| $7,975,000 | 2034 | Serial | 5% | 115.057 | 3.16%
|
| $50.2 million | 2039 | Term | 5% | 114.525 | 3.22%
|
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