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University of California sells $2 billion in debt while facing Trump crackdown
The University of California issued $2 billion in bonds to support projects amid a federal discrimination lawsuit and funding threats, receiving over $17 billion annually in federal aid.
- On Feb 25, the University of California system sold about $2 billion of general revenue bonds to finance and refinance campus projects.
- The Trump administration sued the University of California system on Tuesday alleging discrimination at UCLA, after last year trying to freeze hundreds of millions in federal funds that a judge later restored.
- This month the offering document was posted and retail pricing began on Tuesday before the lawsuit, with JPMorgan Chase and Siebert Williams Shank leading the transaction for the Regents.
- The University of California system receives more than $17 billion a year in federal support, and a bond document said the Regents continue to monitor federal government actions amid legal uncertainty.
- Protesters, including some Jewish groups, say the government wrongly conflates criticism of Israel with antisemitism, while Harvard signalled bond issuance plans last year.
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University of California Sells $2 Billion of Debt Amid DOJ Suit
The University of California sold about $2 billion of general revenue bonds in the municipal-bond market on Wednesday amid a newly filed federal lawsuit that alleges discrimination against Jews and Israelis at its Los Angeles campus.
·United States
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University of California sells $2 billion in debt while facing Trump crackdown
The University of California sold about $2 billion worth of general revenue bonds in the municipal market on Wednesday while U.S. President Donald Trump attempts a crackdown on the educational institution and other top schools.
·United Kingdom
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Coverage Details
Total News Sources8
Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
Factuality
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