TITLE

Indiana University Selling $75M for Capital Improvements

AUTHOR(S)
Devitt, Caitlin
PUB. DATE
March 2009
SOURCE
Bond Buyer;3/24/2009, Vol. 367 Issue 33085, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of the Indiana University (IU) in Bloomington to enter into the U.S. bond market on March 24, 2009 with $75 million of double A-rated revenue bonds that will help finance its capital improvement plans. The decision came in following an announcement by the Federal Reserve Board that it plans to buy up to $300 billion of long-term bonds from the Department of Treasury. Upon the completion of the transaction, IU will have $870 million of outstanding-debt.
ACCESSION #
37247007

 

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