The University of Oxford received orders worth more than £2 billion for its maiden 100-year bond and raised £750 million, compared with an initial target of £250 million. The triple-A-rated bond, which will pay annual interest of 2.54 per cent, will have the longest maturity of any from a British university and longer than any issue of UK government bonds or gilts. Individual colleges have issued debt in the past, but this is the first to have been issued by the university as a whole. Oxford is the oldest university in the English-speaking world and was ranked first in The Times Higher Education World University Rankings for 2017 and 2018. It has more than 23,000 students, including 11,728 undergraduates and 10,941 postgraduates.

Source: The Times December 02, 2017 00:04 UTC