04 December 2017 Elaine Keats - Neil Pallender - Johnny Davidson Ground-breaking deals
Linklaters advises Oxford University on first ever bond issue
- Bond issue will, on issue, raise £750 million
- Increase in need for capital expenditure means that universities must seek alternative income
The funds from the bond will allow Oxford to invest in strategic capital projects that extend its outstanding capabilities in teaching and research as well committing to major new physical and virtual infrastructure development.
Elaine Keats, Partner, Linklaters: “As a result of the need for increasing levels of capital expenditure in higher education, universities are having to find alternative means of raising money. Thanks to historically low borrowing rates we have seen a number of debt issuances from higher education providers in recent years. We were delighted to be part of Oxford University’s debut bond issue.”
The bond will be the first ever issued by the central University.
The Linklaters team was led by Elaine Keats, Partner, supported by Neil Pallender, Managing Associate, Mark Longworth, Managing Associate and Johnny Davidson, Associate.