Illinois Finance Authority OKs $650M for Hospitals, College

Shields, Yvette
March 2009
Bond Buyer;3/11/2009, Vol. 367 Issue 33078, p3
Trade Publication
The article reports on the approval of Illinois Finance Authority of the $650 million fixed-rate bonds for the state's nonprofit hospitals and a college including Northwestern Memorial Hospital. As part of the plans, Northwestern will sell up to $475 million of fixed-rate bonds. It is stated that nonprofit health care borrowers were frozen out of the fixed-rate market late in 2008. It is added that proceeds of the sale would refund variable-rate bonds issued in 2008, 2007, 2004, 2002 and 1995.


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