University of California Prepares $2 Billion Muni Bond Deal (2)

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 Regents of the University of California will issue the debt as general revenue bonds with proceeds supporting capital projects across the system’s 10 campuses and six academic medical centers. Pricing is expected as soon as Dec. 9, according to its bond offering statement.

Royce Hall on the UCLA campus.

Photographer: Mario Tama/Getty Images

The system, which has more than 300,000 students enrolled, pulled a $1.5 billion offering in August when the White House sought ...