Bond volume slips as refinancing slides
Nemes, J.
Modern Healthcare 21(15): 74; 76
1991
ISSN/ISBN: 0160-7480 PMID: 10109901 Document Number: 380017
Tax-exempt healthcare bond volume fell 4.3% in the first quarter of 1991 as hospitals put the brakes on refinancings. Most facilities already have refunded higher-interest-rate debt, and others must wait for current rates to drop further for refinancing to make economic sense. While refinancings subsided, there was a flurry of new issues as hospitals replenished their depleted capital coffers.