Senior Living New Issue Rates

As of 3/21/2017

Maturity

Taxable Rates

Tax Free Rates

GNMA
Taxable

FHA
Tax-
Exempt

A

BBB

BB

Refinancing &
Expansion

Start-Up

5 year

NA

1.820%

2.400%

2.800%

3.100%

3.000-3.600%

4.000-4.500%

10 year

NA

2.690%

3.400%

3.650%

4.000%

4.000-4.400%

4.750-5.250%

20 year

NA

3.500%

4.250%

4.500%

4.950%

4.750-5.250%

5.500-6.000%

30 year

3.620%

3.750%

4.350%

4.650%

5.100%

5.000-5.500%

6.000-6.750%

Senior Living new issue rates for borrowers in specialty states are 20-30 basis points lower in yield.

SIFMA
Index

LIBOR

Revenue Bond
Index (RBI)

10 Year
Treasury

30 Year
Treasury

0.71%

0.91%

4.170%

2.400%

3.0170%

Indicative Swap Rates (BBB Rating Category)*

1 Year

3 Year

5 Year

7 Year

10 Year

Weekly SIFMA Swap Rates

1.02%

1.37%

1.58%

1.73%

1.89%

Weekly LIBOR Swap Rates

1.40%

1.85%

2.12%

2.29%

2.47%

* Mid-market swap rates have been adjusted to a BBB Investment grade credit level. Rates displayed above are indicative only. For more accurate rates, please contact a Sims banker.

Treasury Yields vs. Tax-Exempt Bond Yields

 Source: Thomson-Reuters Municipal Markets Data as of 3/21/2017
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