Australia's sandstone universities continue to make the grade
- Thursday, 26 June 2014
University of Melbourne (AA+) became the second university to access the domestic corporate bond market in 2014, printing a debut A$250 million (US$234.1 million) seven-year issue on June 24. The solid fundamentals of higher-education issuers mean a continued wave of issuance from this sector is unlikely – but this enhances the appeal of these bonds, leads say.
