Cambridge Weighs Initial Bond Issue

“Britain’s Cambridge University is considering issuing bonds for the first time in its 800-year history, following a trend set by US Ivy League institutions. The university needs to borrow £200 million ($320 million) to £300 million to fund a number of property and infrastructure projects in its home city, according to university documents …” (more)

[HT: Sandeep Gopalan]
[Elizabeth Pfeuti, Wall Street Journal, 4 January]

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