Published on 7/31/2013 in the Prospect News Municipals Daily.
New Issue: Colorado Health prices $75 million Children's Hospital revenue bonds
By Sheri Kasprzak
New York, July 31 - The Colorado Health Facilities Authority sold $75 million of series 2013A hospital revenue bonds for the Children's Hospital Colorado, according to a pricing sheet.
The bonds (A1/A+/) were sold through senior manager J.P. Morgan Securities LLC.
The bonds are due 2014 to 2028 with term bonds due in 2033 and 2036. The serial coupons range from 2% to 5%. The 2033 bonds have a 5% coupon priced at 99.111, and the 2036 bonds have a 5% coupon priced at 97.441.
Proceeds will be used to construct a 10-story addition to the hospital's Anschutz campus and a satellite inpatient and outpatient facility in Highland Ranch.
| Issuer: | Colorado Health Facilities Authority/Children's Hospital Colorado
|
| Issue: | Series 2013A hospital revenue bonds
|
| Amount: | $75 million
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC (lead)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 14
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $155,000 | 2014 | Serial | 2% | 101.936
|
| $210,000 | 2015 | Serial | 3% | 104.763
|
| $165,000 | 2016 | Serial | 3% | 105.335
|
| $240,000 | 2017 | Serial | 4% | 109.49
|
| $270,000 | 2018 | Serial | 3% | 104.538
|
| $245,000 | 2019 | Serial | 4% | 108.808
|
| $270,000 | 2020 | Serial | 5% | 113.506
|
| $190,000 | 2021 | Serial | 5% | 112.092
|
| $210,000 | 2022 | Serial | 5% | 110.806
|
| $230,000 | 2023 | Serial | 5% | 110.141
|
| $215,000 | 2024 | Serial | 5% | 108.015
|
| $130,000 | 2025 | Serial | 5% | 106.453
|
| $245,000 | 2026 | Serial | 5% | 105.172
|
| $240,000 | 2027 | Serial | 5% | 103.91
|
| $245,000 | 2028 | Serial | 5% | 102.666
|
| $29.36 million | 2033 | Term | 5% | 99.111
|
| $42.38 million | 2036 | Term | 5% | 97.441
|
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