Cardiff University mandates three for its debut sterling bond

By Ross Lancaster
25 Jan 2016

Cardiff University has mandated three banks for its debut bond, the latest offering in a run of debt issuance from the UK higher education sector, writes Ross Lancaster.

Cardiff University, rated Aa2, has hired HSBC, Lloyds Bank and Morgan Stanley to arrange a UK roadshow that began on Wednesday.

A long dated benchmark transaction of up to £300m ($431.31m) may follow, subject to market conditions.

Proceeds will support capital investment for the university’s ...

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