Published on 4/24/2014 in the Prospect News Municipals Daily.
New Issue: Missouri Health sells $236.57 million of SSM Health Care revenue bonds
By Sheri Kasprzak
New York, April 24 - The Missouri Health and Educational Facilities Authority sold $236.57 million of series 2014A health care revenue bonds, said a pricing sheet.
The bonds (/A+/AA-) were sold through senior managers Goldman Sachs & Co. and Citigroup Global Markets Inc.
The bonds are due 2020 to 2034 with 3% to 5% coupons and 2.06% to 4.25% yields.
Proceeds will be used to finance and refinance capital improvements for the authority, as well as to refinance debt.
| Issuer: | Missouri Health and Educational Facilities Authority/SSM Health Care
|
| Issue: | Series 2014A health care revenue bonds
|
| Amount: | $236.57 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman Sachs & Co. and Citigroup Global Markets Inc. (lead), BofA Merrill Lynch, Barclays and J.P. Morgan Securities LLC (co-managers)
|
| Ratings: | Standard & Poor's: A+
|
| Fitch: AA-
|
| Pricing date: | April 24
|
| Settlement date: | May 14
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $720,000 | 2020 | Serial | 3% | 105.318 | 2.06%
|
| $6,815,000 | 2020 | Serial | 5% | 116.634 | 2.06%
|
| $4,075,000 | 2021 | Serial | 4% | 110.111 | 2.43%
|
| $3,885,000 | 2021 | Serial | 5% | 116.552 | 2.43%
|
| $640,000 | 2022 | Serial | 4% | 109.421 | 2.69%
|
| $8,125,000 | 2022 | Serial | 5% | 116.613 | 2.69%
|
| $1.35 million | 2023 | Serial | 3% | 100.631 | 2.92%
|
| $650,000 | 2023 | Serial | 4% | 108.531 | 2.92%
|
| $9,965,000 | 2023 | Serial | 5% | 116.431 | 2.92%
|
| $13,025,000 | 2024 | Serial | 5% | 116.387 | 3.09%
|
| $14.16 million | 2025 | Serial | 5% | 114.989 | 3.24%
|
| $15.37 million | 2026 | Serial | 5% | 113.884 | 3.36%
|
| $16,835,000 | 2027 | Serial | 5% | 112.883 | 3.47%
|
| $18,075,000 | 2028 | Serial | 5% | 111.982 | 3.57%
|
| $2,895,000 | 2029 | Serial | 4% | 100 | 4%
|
| $16,515,000 | 2029 | Serial | 5% | 111.178 | 3.66%
|
| $21,005,000 | 2030 | Serial | 5% | 110.47 | 3.74%
|
| $22.76 million | 2031 | Serial | 5% | 109.854 | 3.81%
|
| $24,285,000 | 2032 | Serial | 4% | 98.23 | 4.14%
|
| $30,335,000 | 2033 | Serial | 4% | 97.521 | 4.19%
|
| $5,085,000 | 2034 | Serial | 4.125% | 98.322 | 4.25%
|
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