1991•PubMedRequires access
Some bond deals may be overpriced--study.
Judith Nemes
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Abstract
A new study suggests hospitals often pay too high a price when they seek help from investment banks to arrange for the sale of bonds on a negotiated basis. The study says the premium amounts to an average of 75 basis points more in interest over the life of the bonds in such deals. But investment firms say the study's comparisons are flawed, and that costs often reflect deals structured specifically for a given facility.