Bond volume slips as refinancing slides.
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.
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D002202:Capital Financing / Q000639:trends*; D005377:Financial Management, Hospital / Q000639:trends*; D007449:Investments / Q000639:trends*; D014481:United States