Indiana University Selling $75M for Capital Improvements

Devitt, Caitlin
March 2009
Bond Buyer;3/24/2009, Vol. 367 Issue 33085, p6
Trade Publication
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.


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