Investors shrug off York University’s downgrade and provide $100 million for 3.579% 40-year offering

, Bitcoin News

York University had no trouble selling a $100 million, 40-year offering, despite two debt downgrades.

In normal circumstances, launching an issue a week after being downgraded by two rating agencies is probably not ideal timing.

But that’s the situation at Toronto’s York University, which brought a $100 million 40-year offering to the market on Wednesday.

One week back Standard & Poor’s downgraded the ratings on York’s long-term issuer credit and senior unsecured debt to A from A+.

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