Published on 6/6/2014 in the Prospect News Municipals Daily.
New Issue: Yale-New Haven Health brings to market $50.73 million of taxable bonds
By Sheri Kasprzak
New York, June 6 – The Yale-New Haven Health System of Connecticut priced $50,725,000 of series 2014 taxable bonds, said an official statement.
The bonds (Aa3/A+/AA-) were sold through senior manager Barclays with J.P. Morgan Securities LLC as the co-manager.
The bonds are due July 1, 2044 and have a 4.375% coupon priced at par.
Proceeds will be used to finance and refinance capital projects for the health system.
Issuer: | Yale-New Haven Health System
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Issue: | Series 2014 taxable bonds
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Amount: | $50,725,000
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Maturity: | July 1, 2044
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Coupon: | 4.375%
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Price: | 100
|
Type: | Negotiated
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Underwriters: | Barclays (lead), J.P. Morgan Securities LLC (co-manager)
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Ratings: | Moody’s: Aa3
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| Standard & Poor’s: A+
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| Fitch: AA-
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Pricing date: | May 29
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Settlement date: | June 23
|
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