NEWS THAT MATTERS

Canadian Universities May Sell Bonds to Close Gaps, Globe Says

Excerpt of article: Globe and Mail January 11, 2010

By Kevin Bell

Full article found at:

http://www.bloomberg.com/apps/news?pid=20601082&sid=aoEESmLI6vq4#

Jan. 11 (Bloomberg) — Some Canadian universities may sell bonds for the first time in several years to make up funding shortfalls, the Globe and Mail reported.

Queen’s University, in Kingston, Ontario, is considering debt financing of about C$125 million ($122 million) for capital projects and is considering a bond issue as one of its options, the newspaper said, citing a spokeswoman …

To contact the reporter on this story: Kevin Bell in Toronto at kbell2@bloomberg.net
Last Updated: January 11, 2010 07:50 EST

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