CHICAGO — The University of Minnesota enters the market Tuesday with $388 million of general obligation bonds to raise funds for various projects and reduce its floating-rate exposure by refunding debt.

Barclays Capital is the underwriter and Dorsey & Whitney LLP is bond counsel. Ahead of the sale, Moody’s Investors Service affirmed the university’s Aa1 GO rating and Standard & Poor’s affirmed its AA marks. The university has $1.1 billion of rated debt. 

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