The University of Cambridge in the UK is planning to raise up to £400m from its first bond issue, following a trend set by US Ivy League institutions to turn to the money markets for funding, reports the Daily Telegraph. Andrew Reid, the university’s finance director, admitted he was worried by the step into the relative unknown but said it was the best way to secure funds for two big building projects. He added that the bond issue would be likely to be a “one off” action, rather than a regular fund-raising technique.

This entry was posted by Gwen Robinson on Tuesday, January 5th, 2010 at 5:42 and is featured in The 6am Cut London (5 Jan 2010) . Tagged with University of Cambridge. Edit this entry.