Stanford University Considers $1.2 Billion of Bond, Note Sales

Bloomberg News

March 10, 2010

Stanford University, the third-wealthiest school in the U.S., is seeking state approval to sell as much as $1.2 billion of bonds and notes to help pay for a slimmed-down capital plan and refinancing. Stanford wants to borrow $150 million for new capital projects and plans to sell as much as $768 million of bonds to refinance existing debt and $300 million of commercial paper, according to Odile Disch- Bhadkamkar, the school's treasurer.

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