The Kansas Board of Regents has adopted new financial rules that will make it easier to refinance outstanding bonds issued for capital improvements at the six state colleges and universities.

The new rule allows refinancing bonds to be issued with approval by two of the three top executives at the schools — the trustees chair, the vice chair, and the school president. The fast-track refinancing must provide net present-value savings of at least 3%.

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.