Published on 7/7/2016 in the Prospect News Municipals Daily.
New Issue: Utah County, Utah, prices $200 million of IHS Health variable-rate bonds
By Sheri Kasprzak
New York, July 7 – Utah County, Utah, priced $200 million of series 2016 variable-rate bonds for IHS Health Services Inc., said a pricing sheet.
The deal included $100 million of series 2016C bonds, $60 million of series 2016D bonds and $40 million of series 2016E bonds.
The bonds are due May 15, 2051 and bear interest at the weekly rate.
The bonds (Aa1/VMIG 1/AA+/A-1) were sold on a negotiated basis. Wells Fargo Securities LLC was the senior manager for the 2016C bonds, U.S. Bancorp Investments Inc. was the senior manager for the 2016D bonds and J.P. Morgan Securities LLC was the lead manager for the 2016E bonds.
| Issuer: | Utah County, Utah/IHS Health Services Inc.
|
| Issue: | Series 2016 variable-rate bonds
|
| Amount: | $200 million
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities LLC (lead for 2016C bonds), U.S. Bancorp Investments Inc. (lead for 2016D bonds), J.P. Morgan Securities LLC (lead for 2016E bonds)
|
| Ratings: | Moody’s: Aa1/VMIG 1
|
| S&P: AA+/A-1
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| Pricing date: | July 6
|
| Settlement date: | July 13
|
|
|
| $100 million series 2016C bonds
|
| Maturity | Type | Coupon | Price
|
| May 15, 2051 | Term | Weekly | 100
|
|
|
| $60 million series 2016D bonds
|
| Maturity | Type | Coupon | Price
|
| May 15, 2051 | Term | Weekly | 100
|
|
|
| $40 million series 2016E bonds
|
| Maturity | Type | Coupon | Price
|
| May 15, 2051 | Term | Weekly | 100
|
|
|
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