WakeMed, founded in 1961 and located in Raleigh, North Carolina, is a comprehensive healthcare system committed to enhancing the health and well-being of the communities it serves. The organization offers a wide range of services, including emergency care, surgical services, rehabilitation, and specialty medical services across its hospitals and outpatient facilities.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| WAKEMD 3.29% 2052-10-01 USDWakeMed | United States | 2052-10-01 | 3.286 | 5.57 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
WakeMed has actively engaged in bond issuances to finance its expansion and enhancements of facilities. The organization first issued bonds in the late 1990s and has since successfully raised capital through several significant offerings, including a $300 million issuance in 2016 that supported the construction of a new hospital wing. Current yields on WakeMed's bonds are competitive within the healthcare sector, reflecting its strong operational performance and solid credit rating. The 2020 COVID-19 pandemic highlighted the importance of such funding, as WakeMed utilized bond proceeds to enhance its capacity and resources in response to the public health emergency.