Monday, July 2, 2007

Philadelphia Hospitals Lead Week's U.S. Tax-Exempt Borrowers as Sales Slow

(Bloomberg) -- U.S. state and local governments are
set to sell $2 billion of bonds this week, led by a group of
Philadelphia hospitals, as the July 4 holiday cuts the schedule
of new tax-exempt offerings to the second-lowest of the year.

The Hospitals and Higher Education Facilities Authority of
Philadelphia is planning to sell $230 million of bonds on behalf
of Temple University's hospital system, the largest offering of
tax-exempt bonds slated for the week, according to data compiled
by Bloomberg. A $3.6 billion bond sale by Puerto Rico was pushed
back until next week.


Read more at Bloomberg Bonds News

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