Summary: Iowa State Board of Regents Iowa State University of Science and Technology (ISU); Auxiliary - System; Public Coll/Univ - Unlimited Student Fees

Iowa State University of Science and Technology (ISU) Joshua Stern, New York (1) 212-438-2100; John Kenward, Chicago (1) 312-669-9166 The rating on Iowa State Board of Regents' bonds, issued for Iowa State University of Science and Technology ISU, reflects the university's strong levels of state support based on its position as Iowa's land-grant institution, sound financial performance, and the strength of the residence system's finances. Bond proceeds will be used to finance a portion of a new 2,000 bed residence community for upper classmen. The bonds are on parity with the university's 1960's era and 1998A dormitory bonds and are secured by the net revenues of the university's residence system, which consists of three residence complexes with dining halls that

...The rating on Iowa State Board of Regents' bonds, issued for Iowa State University of Science and Technology ISU, reflects the university's strong levels of state support based on its position as Iowa's land-grant institution, sound financial performance, and the strength of the residence system's finances. Bond proceeds will be used to finance a portion of a new 2,000 bed residence community for upper classmen. The bonds are on parity with the university's 1960's era and 1998A dormitory bonds and are secured by the net revenues of the university's residence system, which consists of three residence complexes with dining halls that currently house 7,773 students. The system's apartments and residence beds are currently 96% occupied, up from 92% last year. The system produced an operating surplus of...

Summary