The individual housing market is not the only area where lower interest rates are being pursued...even companies like Costco are having issues because the money is in a special type of fund that has taken a few hits in the credit area....BD
Northern California's three largest hospital systems -- Kaiser Permanente, Sutter Health and Catholic Healthcare West -- are together refinancing $2.3 billion in bonds, seeking to escape a ripple effect from the subprime meltdown.
Sutter, CHW and Kaiser have refinanced bonds worth $417 million, $615 million and $500 million, respectively, since late April. CHW plans to put another $746 million in other variable-rate securities on the market at mid-month.
Kaiser, Sutter, CHW refinance $2.3B in bonds - San Francisco Business Times:
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