University of Tokyo to Sell Bond in First of Kind for Japan
- Colleges could only raise funds for limited projects before
- Sale would come as demand soars for U.S. college debt
This article is for subscribers only.
The University of Tokyo is preparing a bond offering that would be the first of its kind in Japan, at a time when demand for higher-education debt is picking up overseas amid falling interest rates.
The university plans to sell 20 billion yen ($189 million) of 40-year securities in early October, according to a statement from Daiwa Securities Group Inc.