Oxford sets new star in sterling firmament with £750m 100 year

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Oxford sets new star in sterling firmament with £750m 100 year

Varsity Match
Oxford's Ed Davids dives over in the corner for a try during the Varsity match at Twickenham. | Mike Egerton/PA Archive/PA Images

The sterling bond market was stretched in new directions on Friday when the University of Oxford issued its first bond. It chose a 100 year maturity, much longer than the longest Gilt, and at Aaa is rated higher than the UK government.

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