Kaiser Permanente Eyes Expansion With $4.4B Raised From Bond Offerings
The bond market is white-hot for hospital debt offerings.
Kaiser Raises Record $4.4 Billion In White-Hot Hospital Bond Market
Kaiser Permanente raised $4.4 billion through a series of three bond offerings this month. That's a record for the Oakland, Calif.-based health plan and hospital giant, which plans to use the proceeds to fuel expansion, said Chief Financial Officer Kathy Lancaster. The aggregate interest rate on the A+-rated bonds was a stellar 3.8%. (Barkholz, 5/10)