North Ryde. Uni's debut on bond market

Universities are looking at the capital markets with renewed interest after Macquarie University’s successful completion of a $250 million, 10-year fixed rate bond deal, according to The Australian Financial Review. Macquarie’s debut on the bond markets, part of a $450 million refinancing, will fund existing facilities and fund commercial developments, including the Macquarie University Hospital and the construction of Cochlear’s ($130 million) global headquarters at its campus, the paper said.