UC to save millions through bond refinance

The University of California will refinance $1 billion of debt in February, which could potentially save the university millions of dollars. The refinancing is expected to lessen the university’s debt burden by reducing the interest rate on a portion of the debt from about 5 percent to 3.5 percent.
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California State Treasury sells $860 million worth of UC bonds

The California State Treasurer’s Office sold $860 million worth of University of California 100-year bonds, which will be used to fund capital projects at the university, to 70 large investors Tuesday. The money raised from the sale of the bonds — which mature over the course of a century and
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