Macquarie University Debt Sydney
…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.