Illinois Hospital Gets Insurance, Readies Sale

Shields, Yvette
May 2006
Bond Buyer;5/15/2006, Vol. 356 Issue 32381, p1
Trade Publication
The article reports that Geneva, Illinois-based Delnor Community Hospital has secured a triple-A insurance policy and expects to enter the bond market by June 2006. The hospital will be seeking final approval from the Illinois Finance Authority and would price the deal with insurance from Financial Guaranty Insurance Co. It plans to use an insured-auction rate structure with a swap converting the floating-rate debt to a synthetic fixed rate.


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