By Sheri Kasprzak
New York, Aug. 27 – The New Jersey Health Care Facilities Authority sold $55,925,000 of series 2014A revenue bonds for Robert Wood Johnson University Hospital, according to a pricing sheet.
The bonds (A2/A/) were sold through J.P. Morgan Securities LLC.
The bonds are due 2032 to 2034 with term bonds due in 2039 and 2043. The serial bonds have 5% coupons with 3.50% to 3.60% yields. The 2039 bonds have a 5% coupon priced at 110.52 to yield 3.71% and the 2043 bonds have a 5% coupon priced at 110.087 to yield 3.76%.
Proceeds will be used to finance capital improvements to the hospital in New Brunswick.
| Issuer: | New Jersey Health Care Facilities Authority/Robert Wood Johnson University Hospital
|
| Issue: | Series 2014A revenue bonds
|
| Amount: | $55,925,000
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Ratings: | Moody’s: A2
|
| Standard & Poor’s: A
|
| Pricing date: | Aug. 26
|
| Settlement date: | Sept. 10
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3,515,000 | 2032 | Serial | 5% | 112.357 | 3.50%
|
| $3.69 million | 2033 | Serial | 5% | 111.916 | 3.55%
|
| $3.87 million | 2034 | Serial | 5% | 111.477 | 3.60%
|
| $22.48 million | 2039 | Term | 5% | 110.52 | 3.71%
|
| $22.37 million | 2043 | Term | 5% | 110.087 | 3.76%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
