Bexar County Health Facilities Development Corporation Refunding Bonds

Bexar County Health Facilities Development Corporation Refunding Bonds are municipal fixed-income securities issued by the Bexar County Health Facilities Development Corporation. Their primary function is to refinance, or “refund,” existing bonds, typically to achieve lower interest costs or restructure debt obligations for healthcare-related infrastructure within Bexar County. These bonds are fundamental in funding public health facility projects, supporting hospitals, clinics, and other medical institutions that serve the local community. As municipal bonds, they are generally valued for their role in facilitating essential public services and infrastructure. Investors in these securities receive periodic interest payments, defined by the bond’s coupon rate, and upon maturity, the original principal—par value—of the bond. Refunding bonds like these play a pivotal role in ensuring the cost-effective management of public debt for health-related entities and contribute to maintaining and enhancing the healthcare system within the issuing municipality. They are a notable instrument within the broader municipal bond market, helping to align community health goals with prudent fiscal practices.