New Issue: Richmond Hospital, Ind., prices $91.18 million of Reid Hospital bonds

By Sheri Kasprzak

New York, Feb. 11 – The Hospital Authority of Richmond, Ind., sold $91.18 million of series 2015A refunding revenue bonds for Reid Hospital, according to a pricing sheet.

The bonds (/A/A) were sold through J.P. Morgan Securities LLC.

The bonds are due 2016 to 2030 with term bonds due in 2035 and 2039. The serial coupons range from 2% to 5%. The 2035 bonds have a 5% coupon priced at 112.227, and the 2039 bonds have a 5% coupon priced at 111.434.

Proceeds will be used to refund the authority’s series 2009A revenue bonds issued for Reid Hospital.

Issuer:	Hospital Authority of Richmond, Ind./Reid Hospital
Issue:	Series 2015A refunding revenue bonds
Amount:	$91.18 million
Type:	Negotiated
Underwriter:	J.P. Morgan Securities LLC (lead)
Ratings:	Standard & Poor’s: A
	Fitch: A
Pricing date:	Feb. 11
Settlement date:	Feb. 24
Amount	Maturity	Type	Coupon	Price
$1.8 million	2016	Serial	2%	101.455
$1,895,000	2017	Serial	4%	106.178
$1,985,000	2018	Serial	4%	108.622
$2,095,000	2019	Serial	5%	114.102
$2,185,000	2020	Serial	5%	116.117
$2.36 million	2021	Serial	5%	117.334
$2,495,000	2022	Serial	5%	117.718
$2,675,000	2023	Serial	5%	118.113
$2,865,000	2024	Serial	5%	118.519
$3.01 million	2025	Serial	5%	118.731
$3.22 million	2026	Serial	5%	117.413
$3,395,000	2027	Serial	5%	116.206
$3.64 million	2028	Serial	5%	115.287
$3.86 million	2029	Serial	5%	114.467
$4,065,000	2030	Serial	5%	113.925
$24.42 million	2035	Term	5%	112.227
$25,215,000	2039	Term	5%	111.434

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