Columbia Eyes $485 Million Sale of Taxable, Tax-Exempt Bonds (1)

Columbia University is planning to tap the bond market next month for capital projects and to refinance debt.

The Ivy League institution said in a filing that it was considering the issuance of $285 million of tax-exempt bonds, which would be sold through a state agency, and $200 million of taxable bonds. The offerings are tentatively slated to price in May.

A university spokesperson said in an emailed statement that the offering was planned “as part of Columbia University’s continued commitment to enhance the academic and research environment for our community.”

Last year, Columbia reached a roughly $200 million ...