Pittsburgh’s Top Employer Sells Market-Lagging Debt: Muni Deals
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University of Pittsburgh Medical Center is borrowing $225 million this week as hospital securities trail the $3.7 trillion municipal-bond market for the first time since 2008.
The facility’s debt offerings are among the $3.7 billion of long-term muni issues scheduled for sale this week, down from $4.2 billion last week, data compiled by Bloomberg show.