Dartmouth Joins Ivy League Bond Boom With $456 Million Debt Sale

Dartmouth College is looking to borrow more than $450 million, joining a groundswell of Ivy League issuers turning to the debt markets this year.

The private university will sell about $156 million of tax-exempt bonds through a state agency and $300 million of taxable bonds to fund campus energy initiatives and housing plans, S&P Global Ratings reported in a release Thursday. The credit grader gave the issuance a pristine AAA label, citing Dartmouth’s ample financial resources, strong fundraising and “impressive market position and demand.”

The debt sale follows similar moves from many other top-tier colleges that have been building up ...