Stanford University Offers $500 Million Bond Issue | MuniNet Featured Bond
Featured Municipal Bond in the Market, Week of 04/03/2017: Stanford University Taxable Bond Series – $500 Million
This week’s featured bond comes from the State of California. Stanford University is issuing taxable bonds in the amount of $500 Million the week of April 03, 2017. The bonds consist of a single series, to be used for general corporate purposes, including without limitation financing and refinancing capital projects. The bonds are unsecured general obligations of Stanford University. They are not secured by a reserve fund, mortgage lien, or security interest on or in any funds or other assets of the University. Interest on the bonds will generally be taxable to U.S. holders of the bonds as ordinary interest income. Further details on the purposes, security, and other matters pertaining to these Stanford University bonds can the found in the preliminary official statement, provided by MuniOS.
Stanford University is located in the San Jose-Sunnyvale-Santa Clara, CA Metropolitan Statistical Area. The San Jose MSA has an unemployment rate of 3.8% as of February 2017, which is 1.0% lower than the national rate for February, and 0.1% lower than the same time in 2016. The chart below shows the changes in the U.S., California, and San Jose MSA unemployment rates for the past ten years. MuniNet provides this data and more, easily accessible, for all 50 states and each Metropolitan Statistical Area in the country, in our Employment Database.
Provided at left is a quick snapshot of financial characteristics of Stanford University, as of 08/31/2016, along with the medians for other U.S. private higher education institutions for 2015-2016, courtesy of Merritt Research Services, LLC. Merritt has many of the sector medians publicly available and regularly updated on their Benchmark Central page. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness). In addition to the Merritt information related to the featured bond, more information can be found on our municipal bond calendar, city, state, and county pages, and our employment database.
These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement. None of the information provided should be construed as a recommendation by MuniNet Guide, MuniNet LLC, Merritt Research Services LLC, or any of their employees. Information and analysis is for informational purposes only.