Higher education bonds

The University of Notre Dame's sale Tuesday of $400 million of taxable bonds may have won the lowest corporate yield for a 30-year maturity in history, according to the finance team.

The University of Notre Dame is selling $400 million of Aaa-rated taxable bonds this week to refund hedged variable-rate bonds and raise money for the largest building project in the university's history, centered on its iconic football stadium.

The University of Colorado will bring $89.3 million of refunding bonds to market as opportunities for interest-rate savings continue.

Texas A&M University is looking for strong demand and low interest rates to continue in the new year as it brings a $377 million refunding deal to market.

Nine years after the last tuition revenue bonds were approved by the Texas Legislature, a bill pre-filed for the 2015 session seeks $2.86 billion of TRBs for construction projects at the state's college and university systems.

Moody's Investors Service has revised Ohio-based Kenyon College's outlook to stable from negative on its A1 rating as the school's stronger performance in fiscal 2014 is expected to continue.

The Illinois Finance Authority board signed off Rush University Medical Center $600 million refunding and issues that will help finance Chicago Navy Pier's big overhaul and finance construction of a compressed natural gas station for Pace suburban bus service.

A San Francisco Superior Court judge will decide in January whether to uphold a decision to terminate the accreditation of the City College of San Francisco.

Indiana University is selling $56 million of so-called green bonds Wednesday, the second public university to tap into the young market.

Tarleton State University, part of the Texas A&M University System, plans to build a new Fort Worth campus on 80 acres of land donated by the Walton Group of Companies.

Strong Demand convinced the Los Angeles Community College District's finance team move ahead on plans to price a sizeable $1.4 billion in general obligation bonds this week.

Vanderbilt University in Nashville, Tenn., plans to restructure its medical center as a separate nonprofit over the next year to adapt to the changing health care environment.

Oregon Gov. John Kitzhaber is proposing to spend over half of an $18.6 billion budget on schools, community colleges, and universities in the state.

Colorado State University President Tony Frank said he now supports plans to build a $195 million stadium on the Fort Collins campus through a combination of donations and revenue bonds.

Facing continued deficit operations, Mills College in Oakland, Calif. received a downgrade to Baa3 from Baa2 from Moody's Investors Service.

Moody's Investors Service said it downgrades Mills College, Calif.'s debt rating to Baa3 from Baa2.

With a $29.5 million bond sale set for next week, University of Cincinnati is poised to become the first public university to tap into the increasingly popular market.

The Internal Revenue Service has ruled that refinancing loans will qualify as student loans that can be financed with tax-exempt bonds.

University of Houston president and chancellor Renu Khator will become chair of the Federal Reserve Bank of Dallas in 2015. Khator will be replaced as deputy chair by BNSF Railway Co. executive chairman Matthew K. Rose.

Moody's Investors Service has revised its outlook on the University of Pennsylvania to positive from stable on expectations that the Ivy League school will continue its momentum in student enrollment, donor support and building flexible reserves.