By Cristal Cody
Tupelo, Miss., Jan. 30 – Providence St. Joseph Health Obligated Group priced $350 million of 3.93% series 2018A taxable bonds due Oct. 1, 2048 (Aa3//AA-) on Tuesday at a spread of 95 basis points over Treasuries, according to a market source.
BofA Merrill Lynch and Citigroup Global Markets Inc. were the lead managers.
Providence St. Joseph Health is a Renton, Wash.-based health care system that includes Providence Health & Services and St. Joseph Health System.
| Issuer: | Providence St. Joseph Health Obligated Group
|
| Amount: | $350 million
|
| Description: | Taxable bonds
|
| Maturity: | Oct. 1, 2048
|
| Bookrunners: | BofA Merrill Lynch and Citigroup Global Markets Inc.
|
| Coupon: | 3.93%
|
| Spread: | Treasuries plus 95 bps
|
| Trade date: | Jan. 30
|
| Ratings: | Moody’s: Aa3
|
| Fitch: AA-
|
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