Senior Living New Issue Rates

As of 8/24/2016

Maturity

Taxable Rates

Tax Free Rates

GNMA
Taxable

FHA
Tax-
Exempt

A

BBB

BB

Refinancing &
Expansion

Start-Up

5 year

NA

1.060%

1.500%

1.900%

2.250%

2.500-3.000%

3.500-4.000%

10 year

NA

1.900%

2.100%

2.450%

2.850%

3.250-3.600%

4.200-4.750%

20 year

NA

2.650%

2.750%

3.000%

3.550%

4.000-4.300%

4.750-5.250%

30 year

3.450%

2.840%

2.850%

3.100%

3.700%

4.250-4.550%

5.100-5.500%

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

0.49%

0.51%

3.060%

1.5440%

2.2300%

Indicative Swap Rates (BBB Rating Category)*

1 Year

3 Year

5 Year

7 Year

10 Year

Weekly SIFMA Swap Rates

0.26%

0.53%

0.72%

0.87%

1.08%

Weekly LIBOR Swap Rates

0.93%

1.08%

1.20%

1.32%

1.48%

* 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

Treasury Yields vs. Tax Exempt Bond Yields

 Source: Thomson-Reuters Municipal Markets Data as of 8/19/2016
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