Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Macquarie University Starts Marketing Debut Bond Sale

Macquarie University, a college in Australia’s biggest city, plans to sell at least A$200 million ($180 million) of 10-year notes in its inaugural bond sale.

Australia & New Zealand Banking Group Ltd. and Commonwealth Bank of Australia are managing the sale of notes that may be priced to yield about 170 basis points more than the swap rate, according to an e-mailed statement from Commonwealth Bank today.

Sydney’s Macquarie University received a first-time rating of Aa2 from Moody’s Investors Service in March. The college got the third-highest grade due to its “sound operating performance, positive liquidity level and strong market position” and because the Australian government would likely offer financial support in a “crisis situation,” Moody’s said at the time.

“It’s a high credit quality deal and gives us a bit of diversification,” said John Sorrell, Sydney-based head of credit with Tyndall Investment Management, which oversees A$14 billion of fixed-income assets. “It’s logical for them to use a different funding source rather than just borrowing from banks.”

The bond sale will be the first by a university in Australia since the University of Wollongong issued A$42.5 million of inflation-linked notes in 2008, according to data compiled by Bloomberg.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.