Cambridge joins UK bond market elite with £350m bond near EIB spread
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Corporate Bonds

Cambridge joins UK bond market elite with £350m bond near EIB spread

The University of Cambridge issued its first bond on Wednesday to an exceptionally strong reception from investors in the UK and beyond, writes Jon Hay. The university had been planning the transaction since 2007, but it was only this week that the outcome became known — £350m of 40 year debt at 3.75%.

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