Milken Private School Taps Muni Market for New Campus

A Los Angeles private school with ties to junk-bond investor Michael Milken is seeking to sell $63 million of municipal bonds to fund a campus expansion, according to Bloomberg. The offering is a localized financing for the school's capital project and is unlikely to have meaningful broader market impact.

Analysis

A Los Angeles private school with ties to junk-bond investor Michael Milken is seeking to sell $63 million of municipal bonds to fund a campus expansion, according to Bloomberg. The offering is a localized financing for the school's capital project and is unlikely to have meaningful broader market impact.