Published on 6/20/2012 in the Prospect News Municipals Daily.
New Issue: Floyd County Hospital Authority, Ga., prices $51.89 million of Floyd Medical bonds
By Sheri Kasprzak
New York, June 20 - The Floyd County Hospital Authority of Georgia priced $51,885,000 of series 2012 revenue anticipation certificates for the Floyd Medical Center, according to a pricing sheet.
The deal included $20 million of series 2012A bonds and $31,885,000 of series 2012B bonds.
The 2012A bonds are due 2013 to 2026 with a term bond due in 2042. The serial coupons range from 2% to 5%. The 2012B bonds are due 2013 to 2025 with term bonds due in 2027 and 2032. The serial coupons range from 2% to 5%. The 2027 bonds have a 5% coupon priced at 113.298. The 2032 bonds have a split maturity with a 4% coupon priced at 98.643 and a 5% coupon priced at 110.177.
The bonds (Aa2) were sold through senior managers Wells Fargo Securities LLC and Barclays Capital Inc.
Proceeds will be used to finance or refinance the construction, acquisition, renovation and equipment of existing Floyd Medical Center facilities, as well as to refund the medical center's series 2002 certificates.
| Issuer: | Floyd County Hospital Authority/Floyd Medical Center
|
| Issue: | Series 2012 revenue anticipation certificates
|
| Amount: | $51,885,000
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities LLC and Barclays Capital Inc. (lead)
|
| Rating: | Moody's: Aa2
|
| Pricing date: | June 20
|
| Settlement date: | June 27
|
|
|
| $20 million series 2012A bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $370,000 | 2013 | Serial | 2% | 101.51
|
| $380,000 | 2014 | Serial | 3% | 104.339
|
| $395,000 | 2015 | Serial | 3% | 105.856
|
| $410,000 | 2016 | Serial | 5% | 114.964
|
| $430,000 | 2017 | Serial | 4% | 112.333
|
| $450,000 | 2018 | Serial | 5% | 118.466
|
| $465,000 | 2019 | Serial | 2% | 99.48
|
| $475,000 | 2020 | Serial | 3% | 104.572
|
| $490,000 | 2021 | Serial | 4% | 111.012
|
| $515,000 | 2022 | Serial | 5% | 119.476
|
| $535,000 | 2023 | Serial | 3% | 99.72
|
| $550,000 | 2024 | Serial | 3% | 98.312
|
| $570,000 | 2025 | Serial | 3% | 97.053
|
| $585,000 | 2026 | Serial | 3.125% | 97.281
|
| $13.38 million | 2042 | Term | 4% | 97.774
|
|
|
| $31,885,000 series 2012B bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,075,000 | 2013 | Serial | 2% | 101.51
|
| $1.09 million | 2014 | Serial | 3% | 104.339
|
| $1,115,000 | 2015 | Serial | 3% | 105.856
|
| $1,145,000 | 2016 | Serial | 4% | 111.057
|
| $1,185,000 | 2017 | Serial | 4% | 112.333
|
| $1,225,000 | 2018 | Serial | 4% | 112.784
|
| $1.27 million | 2019 | Serial | 5% | 118.957
|
| $1,335,000 | 2020 | Serial | 5% | 119.087
|
| $1,405,000 | 2021 | Serial | 5% | 118.992
|
| $1.48 million | 2022 | Serial | 5% | 126.256
|
| $1.56 million | 2023 | Serial | 5% | 116.901
|
| $1,635,000 | 2024 | Serial | 5% | 115.592
|
| $1,725,000 | 2025 | Serial | 5% | 114.576
|
| $3,725,000 | 2027 | Term | 5% | 113.298
|
| $7,735,000 | 2032 | Term | 4% | 98.643
|
| $3.18 million | 2032 | Term | 5% | 110.177
|
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