University of Washington Joins College Bond Boom in AAA Sale
- Offering will refinance debt, finance university projects
- Colleges sold record amount of corporate, muni debt in 2020
Photographer: Karen Ducey/Getty Images
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The University of Washington is selling $325 million of bonds for school projects and to refinance debt, joining a record borrowing spree by colleges seizing on the lowest interest rates in decades.
The sale, slated to be priced Wednesday, includes $244 million of taxable bonds and $81 million that are tax-exempt. The securities are rated AAA, reflecting the strong finances of the university system.