Fresh from a successful taxable debt sale and a downgrade, Cornell University is back in the market with $305 million of tax-exempt bonds this week with a retail order period expected to begin tomorrow with institutional pricing on Wednesday. The Dormitory Authority of the State of New York will issue the bonds.

Standard & Poor's downgraded the Ivy League school to AA with a stable outlook from AA-plus last week as Cornell sold $500 million of taxable bonds to fund operating expenses.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.