BRADENTON, Fla. — Wills Memorial Hospital in Washington, Ga., last month sold nearly $13 million of taxable Build America Bonds with a draw-down structure and enhancements that officials believe may help other rural health-care providers access the capital markets in these difficult times.

In addition, Wills Memorial’s sale most likely was the first Federal Housing Administration-insured BAB deal with a draw-down structure also enhanced by Ginnie Mae securities, according to Red Capital Markets Inc., which was the underwriter on the deal.

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.