By Sheri Kasprzak
New York, Jan. 8 – The Louisiana Public Facilities Authority sold $65,295,000 of series 2016 hospital revenue and refunding bonds for the Lafayette General Health System, according to a pricing sheet. The deal was downsized from $98,745,000.
The deal included $59,045,000 of series 2016A bonds and $6.25 million of series 2016B bonds.
The 2016A bonds are due 2041 and 2045. The 2041 bonds have a 5% coupon priced at 111.535. The 2045 bonds have a 4% coupon priced at par and a 5% coupon priced at 111.273.
The 2016B bonds are due 2032 to 2036 with 3.25% to 5% coupons.
The bonds (Baa1//A-) were sold through BofA Merrill Lynch.
Proceeds will be used to finance capital projects and refund existing bonds.
| Issuer: | Louisiana Public Facilities Authority/Lafayette General Health System
|
| Issue: | Series 2016 hospital revenue and refunding bonds
|
| Amount: | $65,295,000
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch
|
| Ratings: | Moody’s: Baa1
|
| Fitch: A-
|
| Pricing date: | Jan. 7
|
| Settlement date: | Jan. 21
|
|
|
| $59,045,000 series 2016A bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $16,475,000 | 2041 | Term | 5% | 111.535
|
| $10 million | 2045 | Term | 4% | 100
|
| $32.57 million | 2045 | Term | 5% | 111.273
|
|
|
| $6.25 million series 2016B bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1 million | 2032 | Serial | 3.25% | 97.465
|
| $1,095,000 | 2033 | Serial | 5% | 114.283
|
| $1.4 million | 2034 | Serial | 3.5% | 98.64
|
| $1.35 million | 2035 | Serial | 5% | 113.388
|
| $1,405,000 | 2036 | Serial | 3.625% | 98.203
|
© 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.
