Latest news with #municipalDebt
Bloomberg
29-05-2025
- Business
- Bloomberg
Emory Floats $1 Billion Bond Sale for Campus, Hospital Projects
By and Aashna Shah Save Emory University is considering borrowing more than $1 billion of municipal debt to finance projects for its campus and hospital system. The bond sale for the Atlanta-based private institution is expected in mid-June and will be managed by an underwriting group led by RBC Capital Markets, according to a securities filing that outlined the potential borrowing plan. The tax-exempt debt, which would be issued through Georgia's Private Colleges and Universities Authority, would also refinance outstanding obligations.
Bloomberg
19-02-2025
- Business
- Bloomberg
UK Local Council Scraps Bond Plan as Too Costly
The UK county of Lancashire has scrapped plans to sell another bond in a blow to the country's moribund market for municipal debt. Officials at the local authority in north-west England explored bond issuance to refinance £350 million ($442 million) of debt maturing next month, even securing updated credit ratings in what is typically a precursor to a sale. However, a review found that approach 'does not currently present the best option and therefore a new bond issue will not be pursued,' according to the Lancashire County Council's budget for the 2025/26 financial year.
