Cambridge University is considering issuing bonds of up to £300m for the first time in its 800-year history.The university said funds raised would be used for building projects. A trend for issuing bonds has already been set in the United States, where Ivy League universities use the money markets to raise cash. A bond is a certificate of debt where issuers guarantee to pay the lender the sum back, plus interest, by a specific date in the future. The proposal to raise money from bonds follows warnings of a tough financial climate for universities.
Cambridge University is considering issuing bonds of up to £300m for the first time in its 800-year history.
The university said funds raised would be used for building projects.
A trend for issuing bonds has already been set in the United States, where Ivy League universities use the money markets to raise cash.
A bond is a certificate of debt where issuers guarantee to pay the lender the sum back, plus interest, by a specific date in the future.
The proposal to raise money from bonds follows warnings of a tough financial climate for universities.
