University of Scranton nets $1.1 million in forward option bid

McDonald, Michael
March 1999
Bond Buyer;03/15/99, Vol. 327 Issue 30598, p28
Trade Publication
Reports on the University of Scranton's sale of a forward bond delivery option to First Union Capital Markets Group Corp., in an effort to raise cash to offset the cost of constructing the School of Management's building in Pennsylvania. Terms of the deal; Bond coupons; Plans to restructure the university's debt; Risks associated with the option.


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