CHICAGO — Indiana’s Purdue University will price $171 million of new-money and refunding bonds Thursday, and follow the sale with a $117 million borrowing in the next few weeks that will mark its fourth trip to market this year.

Purdue’s strong market position and stable finances won it an upgrade from Standard & Poor’s to AA-plus from AA ahead of the issue. The school enjoys a coveted Aaa rating from Moody’s Investors Service.

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.