The nonprofit hospital sector saw an increase in bond issuance for the first half of 2016, according to a report from Wells Fargo.
During the first half of 2016, bond issuance for the nonprofit hospital sector was at $20.2 billion, or approximately 67 percent of refundings.
Issuance during the first quarter of 2016 was at $7.3 billion, or around 51 percent of new money issuance. This is a decrease of 10.2 percent compared to the first quarter of 2015. But bond issuance in the second quarter of 2016 saw a large jump, increasing to $13 billion fueled by refundings.
The report also asserts that "[h]ospital bonds continue to outperform [the municipal] benchmark and other sectors on a total return basis."