University of Texas Build America Costs May Fail to Match Virginia Record

Source: bloomberg.com Posted By: Ronny F...4977 days ago

Rising supplies of Build America Bonds may prevent the top-rated University of Texas, which is selling $544 million of the debt, from receiving the record-low borrowing costs the University of Virginia paid in July.

About $2.8 billion of the federally subsidized securities are scheduled for sale this week, the most since the week ended July 30, and almost three times more than the weekly average since July, according to data compiled by Bloomberg.

That increase in supply may preclude Texas,....

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