Name: University of California revives muni deal with $2B sale
Uploaded: 2025-12-04T21:47:38.234Z
Duration: 2 min 34 s
Description: The University of California is prepping a $2 billion municipal bond sale, reviving a deal that it shelved in August amid a high-stakes confrontation with the Trump administration over frozen federal research funds.

The University of California is prepping a $2 billion municipal bond sale, reviving a deal that it shelved in August amid a high-stakes confrontation with the Trump administration over frozen federal research funds.

California

The University of California has resumed a $2 billion municipal bond sale that was previously shelved due to uncertainties surrounding federal policies and potential legal complications. Most of the nearly $700 million in federal research funding that had been frozen has now been restored, leaving the university on stable financial ground.

The bond offering is expected to attract strong interest from investors, particularly those seeking tax advantages. The university recently increased tuition and retains the flexibility to adjust finances without legislative approval, while its bonds remain highly rated and considered safe investments.

University of California revives muni deal with $2B sale

So Maxwell you know Governor Governor Gavin Newsom you know put the university under fire for shelving this project but it's back now on. So what happened in the meantime. So it wasn't that Newsom was angry at the university. He was just angry at institutions across the country that were complying with the Trump administration's demands. But ultimately why this deal was shelved in August was because the U.S. was still contemplating how they were going to respond to the Trump administration and any potential lawsuits that they might have filed could have complicated disclosure requirements in their bond offering. How are we expecting this bond offering to be received. Will there be appetite. I mean unis have done phenomenally well this year. Yeah. Usually there is strong appetite like especially right now in California. There's going to be strong appetite from very wealthy investors who are looking to harvest some of their tax gains that they had in the equity sector. So we expect ample demand as there usually is for these University of California deals. Now is the university under pressure to come up with funding. You know has there been a freeze around funding. Was this part of the attack on higher education if I can put it that way. So most of the nearly 700 million dollars in federal research funding that was frozen by the Trump administration has been restored. There's still about 27 million dollars in grants that haven't been restored yet. So the UC is on pretty good financial footing at this point. They also just implemented a tuition raise during their latest board of regents meeting. And the university has the ability to do that without legislative approval which does give them a lot of flexibility in their finances. Well that's the danger right. I mean some of this is going to fall on students although I imagine inflation has something to do with this as well. Are other universities now sort of given the green light to go to market. Yes. And you could expect that there'll be like more higher education deals coming out of the state of California and rated pretty highly as I understand it Maxwell. So no danger here. No these bonds are usually pretty safe. The University of California is a historically very strong institution. It's one of the highest rated public universities in the country. And it's in the middle of Los Angeles right in Westwood. It's still very appealing to students in the state of California. And they also have a lot of out of state students.

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