CHICAGO — The University of Illinois Thursday will refund outstanding debt and raise new money for the ongoing makeover of a major student housing complex that comes as Illinois’ flagship public university has scaled back on capital plans amid ongoing delinquencies in state support.

The university’s Board of Trustees will sell about $94 million of auxiliary facilities system revenue bonds, including $82.9 million of tax-exempt fixed-rate debt and $10.8 million of taxable fixed-rate securities.

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.