Johns Hopkins Steps Up Commercial Paper Push.

Johns Hopkins University of Baltimore, Maryland has expanded its commercial paper program and plans to price a series of tax-exempt bonds that amounts to between 10 million dollar and 12 million dollar. The program is broken into four series—Series A and B are tax-exempt and are to be issued by the Maryland Health and Higher Educational Facility Authority, while the C and D series are taxable and are to be issued by Johns Hopkins. The program's expansion is designed to improve cash management. Standard & Poor's Corp. has rated the commercial paper program A1-plus.