Higher education bonds

Michigan's flagship public university's enjoys a healthy and diverse balance sheet but the scandal's taint poses other challenges.

Katherine Craven, chief administrative and financial officer at Babson College, discusses the school's business niche, its bond-rating upgrades amid negative outlooks for higher education overall, and the outlook for the sector in the face of the pandemic. Paul Burton hosts. (Recorded on Dec. 23, 2021 and is 25 minutes long.)

Despite its snowy reputation, the region sees itself as a climate refuge due to cooler temperatures, reliable infrastructure and Lake Erie freshwater.

Welch heads Squire Patton Boggs' California Public Finance practice.

The university is planning to sell $500 million of taxable 100-year bonds in the first quarter of 2022.

Entering the third year of a pandemic, higher education is expected to gain stability amid a flood of federal aid.

The sale is Babson’s first since 2017. The business-and-entrepreneurial themed private college, which opened in 1919, has about $150 million of outstanding bonds, according to its presentation to Moody’s.

High-rated top-tier universities have weathered the pandemic reasonably well, while lower-rated colleges have experienced a worsening of problems and investors should be cautious.

Kaufman Hall acquired HRE Capital last week

The speculative grade bond sale is part of the financial process of returning the Phoenix-based university to nonprofit status after years as a for-profit.

A planned 4,500-bed dorm at the University of California Santa Barbara comes as the neighboring city threatens to sue over a lack of on-campus housing.

The $162 million tax-exempt new money deal is bolstered by two ratings upgrades and analysts say it will generate a lot of investor interest on Wednesday.

For the first time in six years, Texas colleges and universities are awarded tuition revenue bonds backed by the state.

A proposal from the Ohio Treasury would provide a new enhancement for state-purchased public university debt and offer a backstop for hospitals' VRDOs.

A $430 million collaborative transaction featured the university, two asset management firms, and the New Jersey Educational Facilities Authority.

He made his announcement at an under-construction elementary school to underscore a $250 million construction bond he championed.

A speculative-grade deal to build on-campus housing at Santa Rosa Junior College is a first for a conduit issuer operating out of the State Treasurer's Office.

The New Jersey Educational Facilities Authority and the Ivy League university named Ramirez Asset Management, in their first collaboration with an MWBE firm.

LSC plans to submit a proposal to the Texas Higher Education Coordinating Board that would allow it to offer a Bachelor of Science in emergency management degree under a new state law.

After a year of adjustments made as a result of the pandemic, Baylor University earned a positive outlook on $124 million of new-money revenue bonds.