The Massachusetts Institute of Technology is the latest elite college to borrow money from the bond market as universities contend with threats to federal funding under President Donald Trump’s administration.
MIT is joining Harvard, Stanford and Princeton in selling taxable bonds in a deal that’s set to price Tuesday, according to a roadshow for investors. Taxable bonds are often quicker to sell compared to tax-exempt bonds, which have restrictions on what the proceeds can be used for.
Colleges are taking a variety of steps to raise funds and boost their liquidity, including tapping the capital markets. Yale University is also planning to sell $850 million of bonds this month, in a deal that is set to include $350 million of taxable debt.
Posted by John3262005
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Damn I hate news sites with comments. Don’t you dare read them either.