Temple University to Sell $375M in New, Refunding Bonds

Cataldo, Adam L.
May 2006
Bond Buyer;5/26/2006, Vol. 356 Issue 32390, p44
Trade Publication
The article reports that Temple University is planning to competitively sell about $375 million of new and refunding debt. The Philadelphia, Pennsylvania-based university will sell its bonds through the Pennsylvania Higher Educational Facilities Authority. Moody's Investors Service Inc. has placed A1 rating on the deal, while Standard & Poor's Ratings Services has given A-plus rating. Proceeds from the bonds will be utilized to finance construction of new buildings for the university's medical and business schools, and renovations of a residence hall.


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