IBN Bonds: 3 Things to Know
1. David Emminger, IBN managing partner and founder, says his company helps ensure nonprofit hospitals' unspent bond proceeds are invested in accordance with their bond covenants. Additionally, IBN attempts to aid nonprofit hospitals to earn more interest income. "It is our objective as the Institutional Bond Network to help as many hospitals and healthcare systems as we possibly can, as effectively as we possibly can," Mr. Emminger says.
2. IBN, based in Thousand Oaks, Calif, offers investment and regulatory expertise concerning the public finance sector. IBN serves various industries, with an increased focus on healthcare. "We have coordinated efforts with Mr. Emminger and other individuals at IBN over the years and observed great results," says Timothy Baker, president of Principle Valuation. "Their assistance to the numerous healthcare organizations has proven to be very rewarding."
3. IBN was established in 1993. It specializes in designing investment strategies for fixed income portfolios. The company is geared toward working with tax-exempt issuers to benefit them by increasing revenue in bond proceeds, reducing the demand on general fund revenues, increasing debt service capacity and reducing CFO workload.
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