Durham University - Bonds ... Durham bonds?

A second British university is considering raising funds via a bond issue. Durham University is looking at the option following the University of Cambridge's announcement in January that it plans to raise up to £400 million from its first issue of bonds - certificates of debt that guarantee repayment plus interest at a later date. Several Ivy League universities in the US have already turned to the money markets in a bid to recoup the money lost on investments during the recession. A Durham spokesman said: "The use of bonds is one of the options we are keeping under review, but no decision has yet been made about the scale or nature of the university's future borrowing."