The Times – Alexandra Frean
“For 800 years the University of Cambridge has stood solid as a rock, independent and, as universities go, strikingly rich. Not once has it ever resorted to significant borrowing to make ends meet. Now, however, it is planning to raise up to £400 million from its first bond issue, following a trend set by Ivy League institutions in the United States to turn to the money markets for funding.”(more)