SAN FRANCISCO — The board of the California Health Facilities Financing Authority has voted to reduce its issuance fees as it battles to remain competitive with other conduit issuers.

The CHFFA, which operates under the California State Treasurer’s Office, voted on Thursday to reduce issuance fees by 2.5 basis points to 0.05% of the aggregate amount issued by private, nonprofit hospitals with revenues of $2.5 million or more, which make up most of the authority’s business.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

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