Senior Living New Issue Rates

As of 8/15/2017

Maturity

Taxable Rates

Tax Free Rates

GNMA
Taxable

FHA
Tax-
Exempt

A

BBB

BB

Refinancing &
Expansion

Start-Up

5 year

NA

1.230%

1.900%

2.300%

2.600%

2.650-3.200%

4.000-4.500%

10 year

NA

2.300%

2.850%

3.100%

3.500%

3.625-4.000%

4.500-5.000%

20 year

NA

3.050%

3.550%

3.850%

4.400%

4.250-4.750%

5.250-5.750%

30 year

3.480%

3.340%

3.700%

4.050%

4.600%

4.500-5.000%

5.850-6.600%

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

0.78%

1.23%

3.730%

2.2610%

2.8400%

Indicative Swap Rates (BBB Rating Category)*

1 Year

3 Year

5 Year

7 Year

10 Year

Weekly SIFMA Swap Rates

1.06%

1.25%

1.40%

1.54%

1.72%

Weekly LIBOR Swap Rates

1.45%

1.67%

1.84%

2.00%

2.17%

* 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 8/15/2017
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