By Sheri Kasprzak
New York, Aug. 5 - Scripps Health of California priced $99.02 million in series 2008A revenue bonds, according to an official statement. The bonds were sold through the California Health Facilities Financing Authority.
The bonds (A1/A+/A+) were sold on a negotiated basis with Citigroup Global Markets as the manager.
The bonds are due from 2008 to 2022 with coupons from 3% to 5% and yields from 2.29% to 5.22%.
Proceeds will be used to refund the authority's series 1991B variable-rate revenue bonds and series 1998A and 1998B insured variable-rate revenue bonds.
| Issuer: | Scripps Health/California Health Facilities Financing Authority
|
| Issue: | Series 2008A revenue bonds
|
| Amount: | $99.02 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets (lead)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 14
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2008 | Serial | 3% | 2.29%
|
| 2009 | Serial | 3% | 2.40%
|
| 2010 | Serial | 3% | 3.10%
|
| 2011 | Serial | 3.5% | 3.56%
|
| 2012 | Serial | 3.7% | 3.77%
|
| 2013 | Serial | 4% | 3.96%
|
| 2014 | Serial | 4% | 4.14%
|
| 2015 | Serial | 5% | 4.33%
|
| 2016 | Serial | 5% | 4.54%
|
| 2017 | Serial | 5% | 4.68%
|
| 2018 | Serial | 5% | 4.80%
|
| 2019 | Serial | 5% | 4.94%
|
| 2020 | Serial | 5.5% | 5.05%
|
| 2021 | Serial | 5% | 5.16%
|
| 2022 | Serial | 5% | 5.22%
|
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