LPNEWS
Michigan State University is coming to the bond market with a deal that’ll create a major quandary for investors across the country. The school’s trustees on Friday approved a $500 million settlement with the more than 330 women and girls who were victims of serial sex abuser Larry Nassar. To fund the payments, they’re issuing general revenue bonds. “We are in a position that we can have such a very large bond issue,” Trustee Melanie Foster said, according to the Detroit News, adding that no tuition or state funds will be used to pay for the settlement.

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