The University of Connecticut March 30 will sell $150 million of fixed-rate, tax-exempt bonds to help finance new buildings and campus renovations, with the state paying debt service on the new-money debt.

The offering is part of the school’s UConn 2000 infrastructure improvement program, which enables the school to issue bonds with annual state appropriations covering debt service costs. The debt is an obligation of the university.

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.