Bond volume jumps 90% in third quarter.
Tax-exempt healthcare bond volume soared 89.6% in the third quarter to $5.9 billion as hospitals took advantage of lower interest rates and anticipated a change in Internal Revenue Service rules regulating "reimbursement bonds." A total of 174 bond issues were sold during July, August and September, 82% of them were sold to finance construction and renovation projects.
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D002202:Capital Financing / Q000706:statistics & numerical data*; D003625:Data Collection; D005379:Financing, Construction / Q000706:statistics & numerical data; D006749:Hospital Design and Construction / Q000191:economics*; D007449:Investments / Q000706:statistics & numerical data; D014481:United States