CSU System sells $239M in bonds for new football stadium

The Colorado State University System has secured more than $239 million in financing from investors for construction of a new football stadium on the southwest edge of CSU’s main campus in Fort Collins, according to a media release issued Monday by CSU.

Bonds for the new stadium sold in less than 90 minutes on Thursday, according to the university. The total bond package delivered a true interest rate of 3.57 percent, it said.

Of the $239 million in bonds, $220 million is for construction funds and the remainder consists of capitalized interest to support payments on the bonds while the facility is…