Published on 4/28/2015 in the Prospect News Municipals Daily.
New Issue: Tallahassee, Fla., prices $106.82 million of Tallahassee Memorial bonds
By Sheri Kasprzak
New York, April 28 – The City of Tallahassee, Fla., priced $106.82 million of series 2015A health facilities revenue refunding bonds for Tallahassee Memorial Healthcare Inc., said a pricing sheet.
The bonds (Baa1) were sold through BofA Merrill Lynch.
The bonds are due in 2035, 2040 and 2044. The 2035 bonds have a 4% coupon priced at 97.268 and the 2040 bonds have a 5% coupon priced at 107.072. The 2044 bonds have a 5% coupon priced at 106.566.
Proceeds will be used to refund the health-care system’s series 1992B and 2000 health-care facilities revenue bonds.
| Issuer: | Tallahassee, Fla./Tallahassee Memorial Healthcare Inc.
|
| Issue: | Series 2015A health facilities revenue refunding bonds
|
| Amount: | $106.82 million
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch
|
| Rating: | Moody’s: Baa1
|
| Pricing date: | April 28
|
| Settlement date: | May 28
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $34.12 million | 2035 | Term | 4% | 97.268
|
| $36,335,000 | 2040 | Term | 5% | 107.072
|
| $36,365,000 | 2044 | Term | 5% | 106.566
|
© 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.
