Client Transactions

Melio & Company advised Sinai Health System on the issuance of $78.9 million of Series 2012 fixed rate bonds

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In November 2012, Sinai Health System issued $78,935,000 of Series 2012 GNMA collateralized taxable revenue bonds. The bonds were underwritten by BofA Merrill Lynch, Loop Capital Markets, Lebenthal & Co, Cabrera Capital Markets, and Stern Brothers.

The proceeds from the sale of the bonds will be used to (i) purchase fully modified mortgage-backed securities which will be guaranteed as to timely payment of principal and interest by the Government National Mortgage Association from Lancaster Pollard Mortgage Company; and (ii) pay certain expenses incurred in connection with the issuance of the bonds.