Cardiff University raises £300m.

Wales Online has reported that Cardiff University has raised £300m to help finance its innovation campus.

‘Cardiff University has successfully raised £300m in the lowest yielding bond issue ever seen in the UK education sector.
The university , the largest in the Wales, will pay 3.1% on the money raised. The bonds will mature in 2055 when the capital will be repaid to financial institution bonder holders.

The raised finance will help support the university's ambitious innovation campus and for general corporate purposes.

Investment bank Rothschild acted for the university on the bond issue.
It follows on from recent finance raising bond issues from UK universities such as University College Oxford, King's College London and the University of Liverpool.’ (Wales Online)

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