U. of Cambridge Plans First Big Bond Offering
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- British universities spend big to prepare for increase in tuition rates
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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.