Emory Floats $1 Billion Bond Sale for Campus, Hospital Projects

Emory University is considering borrowing more than $1 billion of municipal debt to finance projects for its campus and hospital system.

The bond sale for the Atlanta-based private institution is expected in mid-June and will be managed by an underwriting group led by RBC Capital Markets, according to a securities filing that outlined the potential borrowing plan. The tax-exempt debt, which would be issued through Georgia’s Private Colleges and Universities Authority, would also refinance outstanding obligations.

Emory’s deal would add to a wave of college borrowings as schools tap the capital markets for a stream of projects so far this ...