Higher education bonds

ArtCenter College of Design plans to price $100 million in combined refunding-new money sale.

MSU plans to issue roughly $784 million of bonds, $450 million of which will be used to cover settlement costs from the sexual abuse scandal involving Larry Nassar.

Roosevelt University said its goal is to balance the budget by fiscal 2020.

S&P downgraded the outlook on the AA rated school and said further weakening in the school's finances could pressure the rating on $200 million of debt.

Michigan State University's credit fundamentals will be the deciding factor when it sells bonds to fund the settlement, say market observers.

The $500 million settlement with 330 sex-abuse victims must still be approved by a judge.

Wake County has taken the first step toward putting three bonds on the November ballot that will cost, in total, $1.1 billion.

Cash flow pressures drove a downgrade of Stockton University as the New Jersey public college prepares to open an Atlantic City campus.

Municipal bonds were stronger in late trading as West Virginia and the Regents of the University of California came to market.

Municipal bonds were stronger at mid-session as several big deals hit the market.

West Virginia increased the amount of its competitive sales planned for Wednesday by almost 30% to save money.

The municipal bond market is seeing a second wave of new issue supply hit the screens on Tuesday, led by deals from California and West Virginia issuers.

The university can issue debt or pay cash to cover the settlement but either option has credit consequences.

Municipal bond buyers are getting what they need this week — more supply.

Action in the municipal bond market got underway on Monday as two big deals hit the screens in early activity.

S&P placed MSU on CreditWatch with negative implications, citing a lack of clarity on how the settlement will be paid for.

Municipal bond volume slips back down to a more average level next week, after the market saw the biggest slate of the year hit the screens this week.

The university has not said how it intends to pay for the legal settlement.

Strategies range from flexible pricing structures with taxable and tax-exempt bonds to public-private partnerships.

The university will issue $72 million of general revenue bonds in a negotiated sale Thursday.