University of California sells $2 billion in debt while facing Trump crackdown

The University of California sold about $2 billion worth of general revenue bonds in the municipal market on Wednesday while U.S. President Donald Trump attempts a crackdown on the educational institution and other top schools. 

"The Regents (of the University of California) continue to monitor the federal



government's actions with respect to the higher education sector and, in particular, the university," a bond document said. 

It added that the university would use the proceeds from the sale to finance or refinance its projects.

The university system sold $2.2 billion of municipal bonds in December.