Emory University will sell about $300 million of bonds to fund a performing arts center, additional student housing and improvements to some of its health care facilities, Bloomberg News reported July 20.
The Atlanta university will sell about $130 million of fixed-rate bonds at the end of July, John Temple, Emory’s finance chief, told Bloomberg. A $170 million issue of bonds with floating interest rates will be sold the second week in August. The bonds will be sold through Paine Webber.
Emory has a high credit rating because of its $5 billion endowment. That rating, combined with the fact that not many issuers in Georgia have sold bonds lately, will probably mean good sales for Emory’s offering.
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