“The success of Oxford University’s $1 billion bond, the first in its 1,000-year history, is good news for Britain’s top academic institutions at a time of anxiety over Brexit-related funding shortfalls and calls to scrap student tuition fees. The 100-year bond, launched on Dec 1 with a 2.5% coupon, has taken the market for deals for UK universities and colleges to a new level on a par with such big US names as Harvard and Yale …” (more)
[Marc Jones, Reuters, 17 December]