The University of Southampton
SUSSED News

London Stock Exchange welcomes the University to celebrate successful bond issue

The University has today opened the market at the London Stock Exchange (LSE) to mark the University’s recent successful £300m public bond issue.

President and Vice-Chancellor Professor Sir Christopher Snowden was joined by Lady Snowden and colleagues from the University and its professional advisors in celebration of the 40-year bond, issued on Wednesday 12 April, representing the largest capital injection in the University’s 155-year history.

The University’s student social enterprise society, Enactus Southampton, also took part following their success in retaining the Enactus UK national title and a berth in the Enactus World Cup later this year.

Speaking on the occasion, Professor Snowden said:

I am delighted to represent the University of Southampton at the London Stock Exchange on this great occasion, to celebrate the success of our bond issue, which has been a huge vote of confidence by investors in our university and our strategy for the future. Southampton is an exceptional institution with a global reputation for our education, research and innovation. This investment will ensure we continue to provide a world-class teaching and research environment for students and staff, all underpinned by cutting edge technology.

The bond will mature in 2057 and is subject to a fixed interest rate of 2.25% – a record low interest rate for a public bond issued by a UK university. It will provide around half of a £600m total investment the University is planning over the next 10 years, the remainder coming from internally generated funds.

A Q&A about the University’s bond can be found by clicking here.

 
Share this post Facebook Google+ Twitter Weibo
Powered by Fruition