By Sheri Kasprzak
New York, May 13 - SSM Health Care in Missouri priced $104 million in series 2008A health facilities revenue bonds, a final official statement said.
The bonds (/AA-/AA-) were sold through the Health and Educational Facilities Authority of Missouri.
Citigroup Global Markets and UBS Investment Bank were the lead managers for the negotiated deal.
SSM sold $8.705 million in term bonds due June 1, 2028 with a 5% coupon to yield 5.07%, as well as $95.295 million in term bonds due June 1, 2036 with a 5% coupon to yield 5.22%.
Proceeds from the deal will be used finance and refinance capital improvements at SSM Health Care.
Issuer: | SSM Health Care/Health and Educational Facilities Authority of Missouri
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Issue: | Series 2008A health facilities revenue bonds
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Amount: | $104 million
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Type: | Negotiated
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Underwriters: | Citigroup Global Markets and UBS Investment Bank
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Ratings: | S&P: AA-
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| Fitch: AA-
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Pricing date: | May 8
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Maturity | Type | Coupon | Yield
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2028 | Term | 5% | 5.07%
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2036 | Term | 5% | 5.22%
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