Senior Living New Issue Rates

As of 10/10/2017

Maturity

Taxable Rates

Tax Free Rates

GNMA
Taxable

FHA
Tax-
Exempt

A

BBB

BB

Refinancing &
Expansion

Start-Up

5 year

NA

1.380%

1.900%

2.250%

2.500%

2.600-3.100%

4.000-4.500%

10 year

NA

2.380%

2.750%

3.000%

3.400%

3.500-4.000%

4.500-5.000%

20 year

NA

3.130%

3.450%

3.600%

4.050%

4.150-4.650%

5.250-6.000%

30 year

3.570%

3.430%

3.600%

3.800%

4.200%

4.350-4.850%

5.750-6.375%

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

0.92%

1.23%

3.840%

2.3430%

2.8740%

Indicative Swap Rates (BBB Rating Category)*

1 Year

3 Year

5 Year

7 Year

10 Year

Weekly SIFMA Swap Rates

1.14%

1.37%

1.51%

1.65%

1.80%

Weekly LIBOR Swap Rates

1.60%

1.89%

2.05%

2.18%

2.33%

* 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 10/10/2017
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