Published on 4/10/2013 in the Prospect News Municipals Daily.
New Issue: Baylor Health, Texas, prices $63.05 million taxable bonds
By Sheri Kasprzak
New York, April 10 - The Tarrant County Cultural Education Facilities Finance Corp. of Texas priced $63,045,000 of series 2013C taxable revenue bonds for the Baylor Health Care System, according to a pricing sheet.
The bonds (/AA-/) were sold through J.P. Morgan Securities LLC and Citigroup Global Markets Inc.
The bonds are due Nov. 15, 2043 with a 4.45% coupon priced at par.
Proceeds will be used to refinance the costs to construct and equip health facilities for Baylor Health Care System.
Issuer: | Tarrant County Cultural Education Facilities Finance Corp./Baylor Health Care System
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Issue: | Series 2013C taxable hospital revenue bonds
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Amount: | $63,045,000
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Maturity: | Nov. 15, 2043
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Coupon: | 4.45%
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Price: | Par
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Yield: | 4.45%
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Type: | Negotiated
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Underwriter: | J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead)
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Rating: | Standard & Poor's: AA-
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Pricing date: | April 10
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Settlement date: | April 18
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