A Pennsylvania health care provider said derivatives have cut 30 basis points off the cost of a $55 million bond issue.

Wyoming Valley Health Care System Inc. said it was pleased with the outcome of the deal, which involved selling variable-rate debt and then immediately using a swap to convert into fixed-rate borrowing at a lower cost than would otherwise be possible.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.