By Sheri Kasprzak
New York, Nov. 17 - The Daughters of Charity Health System in California priced $143.655 million in series 2008A revenue bonds, according to an official statement released Monday.
The bonds (/BBB/) were sold through lead manager Citigroup Global Markets.
The bonds are due 2019, 2028 and 2038, all of which priced at par. The 2019 bonds have an 8% coupon, the 2028 bonds an 8.25% coupon and the 2038 bonds have an 8.375% coupon.
Proceeds will be used to refund the health system's outstanding series 2005B-1 through 2005B-5 bonds.
| Issuer: | Daughters of Charity Health System
|
| Issue: | Series 2008A revenue bonds
|
| Amount: | $143.655 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets
|
| Rating: | Standard & Poor's: BBB
|
| Pricing date: | Nov. 14
|
| Settlement date: | Nov. 18
|
|
|
| Maturity | Type | Coupon | Price
|
| 2019 | Term | 8.00% | Par
|
| 2028 | Term | 8.25% | Par
|
| 2038 | Term | 8.375% | Par
|
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