Cornell Eyes $1 Billion Bond Sale Amid Trump’s Higher Ed Squeeze
The Cornell University campus in Ithaca, New York.
Photographer: Matt Burkhartt/Getty ImagesCornell University is considering raising roughly $1 billion through taxable bonds, the latest elite US college looking to secure financing as the Trump administration targets the institutions.
The Ivy League university expects to price the bonds as soon as Nov. 17 and plans to use the proceeds for general corporate purposes, according to a filing published on the Municipal Securities Rulemaking Board’s website. It has tapped Goldman Sachs Group Inc. as the sole bookrunner on the deal.