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Macquarie University Debt Sydney

Macquarie University Debt Sydney

Macquarie University launches $200m bond debut. Sydney’s Macquarie University has launched a debut issue of at least $200 million ($US179 million) in 10-year bonds at 170 basis points over swap, a joint lead said…

…It is the first bond issue by a university in Australia. Proceeds will help repay $450 million in loans…

…The ratings agency said there is a high likelihood the federal government of Australia would step in should Macquarie University default on its debt.

In 2008, the university started a borrowing program to fund an $510 million expansion plan, including a private sector hospital, Moody’s said.

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