TITLE

Pennsylvania Plans to 'HELP' Hospitals With Composite Bonds, Cheaper LOCs

AUTHOR(S)
Whalen, Robert
PUB. DATE
December 2005
SOURCE
Bond Buyer;12/9/2005, Vol. 354 Issue 32275, p44
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a cost effective composite bond program for hospitals in Pennsylvania. The state-offered program to help hospitals for saving money is called the Hospital Enhancement Loan Program. The program is meant to reduce the capital costs through the composite bonds and cheaper credit enhancement, allowing the hospital borrowers to save money on issuance costs by selling larger blocks of tax-exempt debt through the program. The acute-care hospitals who participate can save on transaction costs and will have easier access to capital generally.
ACCESSION #
19256820

 

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