By Sheri Kasprzak
New York, April 16 - The Health and Educational Facilities Authority of the State of Missouri priced $368.575 million in series 2008 variable-rate demand health facilities revenue bonds on Tuesday, an official statement said. The bonds were sold for BJC Health System.
The bonds (Aa2/AA/) bear interest at the weekly rate initially and are due May 15, 2038. Calls to the issuer to get the initial coupons were not immediately returned.
The sale included $81.2 million in series 2008A bonds, $81.2 million in series 2008B bonds, $81.175 million in series 2008C bonds, $75 million in series 2008D bonds and $50 million in series 2008E bonds.
JPMorgan was the underwriter for the series 2008B, 2008C and 2008D bonds, and Morgan Stanley was the underwriter for the series 2008A and 2008E bonds.
Proceeds from the deal will be used to refund the authority's series 2006A, 2006B and 2006C auction-rate bonds.
Issuer: | BJC Health System/ Health and Educational Facilities Authority of the State of Missouri
|
Issue: | Series 2008 variable-rate demand health facilities revenue bonds
|
Amount: | $368.575 million
|
Type: | Negotiated
|
Maturity: | May 15, 2038
|
Coupon: | Weekly rate
|
Price: | Par
|
Underwriters: | JPMorgan (for 2008B, 2008C and 2008D bonds) and Morgan Stanley (for 2008A and 2008E bonds)
|
Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
Pricing date: | April 15
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.