By Cristal Cody
Springdale, Ark., June 5 - Boone Hospital Center in Missouri priced $100 million of revenue bonds with a 5.3557% true interest cost, a sellside source said Thursday.
The series 2008 fixed-rate revenue bonds (A3) priced with 3% to 5.63% coupons to yield 2.8% to 5.25%.
The bonds were sold through Boone County, Mo., which approved the bond purchase agreement on Thursday, the sellside source told Prospect News.
The bonds have serial maturities from 2009 through 2021, an intermediate term in 2028, a serial maturity in 2029 and a term in 2038.
Stern Brothers & Co. managed the negotiated sale.
Proceeds will be used to finance a portion of the construction of the hospital's patient bed tower and parking structure projects.
| Issuer: | Boone Hospital Center/Boone County (Missouri)
|
| Issue: | Revenue bonds
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| True interest cost: | 5.3557%
|
| Coupons: | 3%-5.63% serials and terms
|
| Yields: | 2.8% to 5.25% serials and terms
|
| Maturities: | 2009-2021, 2029 serials; 2028 and 2038 terms
|
| Underwriter: | Stern Brothers & Co.
|
| Rating: | Moody's: A3
|
| Pricing date: | June 4
|
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