9$ billion wave of redemptions in municipal bond market expected to kick off new year.
More than $9 billion of municipal bonds could be redeemed on Jan. 1, which could translate into interest-rate savings for hospitals poised to issue new debt. The huge redemption is the result of the decline in interest rates since the early 1980s, which prompted a rush to issue bonds. Because much of that debt can be redeemed after 10 years, the first wave of redemptions is expected to occur in 1993.
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D002202:Capital Financing / Q000639:trends*; D003625:Data Collection; D005377:Financial Management, Hospital / Q000639:trends*; D007449:Investments / Q000639:trends*; D014481:United States