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U. of Cambridge Plans First Big Bond Offering

U. of Cambridge Plans First Big Bond Offering
January 5, 2010

Following in the footsteps of its wealthy peers across the Atlantic, the University of Cambridge plans to raise £400 million (about $635 million) in its first-ever bond offering, the Times of London reported. University officials told the newspaper that they worried about the first major borrowing in its 800-year existence, but that a bond issue was the best way to raise needed money for two building projects.

 

 

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