By Sheri Kasprzak
New York, May 20 - The Massachusetts Health and Educational Facilities Authority priced $59.97 million in series 2010G revenue bonds for UMass Memorial Medical Center Inc., said a pricing sheet.
The bonds (Baa1/BBB+/) were sold through Morgan Stanley & Co. Inc. and Bank of America Merrill Lynch.
The bonds are due 2011 to 2022 with coupons from 3% to 5%.
Proceeds will be used to refund existing debt.
The Boston-based authority provides financing for health-care systems and educational entities. The medical center is located in Worcester, Mass.
| Issuer: | Massachusetts Health and Educational Facilities Authority/UMass Memorial Medical Center Inc.
|
| Issue: | Series 2010G revenue bonds
|
| Amount: | $59.97 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. Inc. and Bank of America Merrill Lynch (lead)
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Pricing date: | May 20
|
| Settlement date: | May 27
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | NRO
|
| 2012 | Serial | 4% | 103.206
|
| 2013 | Serial | 4% | 103.321
|
| 2014 | Serial | 5% | 106.418
|
| 2015 | Serial | 5% | 106.125
|
| 2016 | Serial | 4% | 99.889
|
| 2016 | Serial | 5% | 105.246
|
| 2017 | Serial | 4.25% | 99.572
|
| 2017 | Serial | 5% | 104.113
|
| 2018 | Serial | 4.5% | 99.593
|
| 2018 | Serial | 5% | 102.946
|
| 2019 | Serial | 4.625% | 99.372
|
| 2019 | Serial | 5% | 102.12
|
| 2020 | Serial | 4.75% | 99.126
|
| 2020 | Serial | 5% | 101.101
|
| 2021 | Serial | 5% | 100.309
|
| 2022 | Serial | 5% | 99.278
|
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