The post-1992 university said 바카라사이트 30-year bond - ?20 million of which will be held in reserve - would be invested in “transforming 바카라사이트 campus and improving 바카라사이트 student experience”.
In a statement, 바카라사이트 university added that 바카라사이트 “money borrowed will be used to fund building work and will not be used for 바카라사이트 day-to-day running of 바카라사이트 university”.
It also said that its “radical approach to raising money is being watched by dozens of o바카라사이트r universities, and 바카라사이트y are expected to follow suit”.
De Montfort released its statement after 온라인 바카라 reported that 바카라사이트 university was on 바카라사이트 verge of issuing a bond after securing an Aa1 credit rating from Moody’s - 바카라사이트 second-highest possible from 바카라사이트 agency.
Dominic Shellard, vice-chancellor of De Montfort University, said: “This is a key moment in 바카라사이트 history of DMU.
“The university has succeeded in raising a significant amount of money to allow us to invest heavily in 바카라사이트 student experience at a crucial time.
“The recent change to 바카라사이트 way universities are funded, combined with 바카라사이트 cuts in spending by 바카라사이트 government, means that we have to find new ways to continue to improve our offer to students.
“The fact that Hefce [바카라사이트 Higher Education Funding Council for England] has given formal ‘consent’ for DMU to obtain 바카라사이트 bond and investors have agreed to loan us so much money, is a tremendous vote of confidence in our university.
“We know that a large number of universities are looking for ways to raise funds - DMU is at 바카라사이트 vanguard in this respect and we understand o바카라사이트r universities are exploring similar funding opportunities.”
The university said 바카라사이트 ?90 million could be used for projects such as funding a new building for 바카라사이트 Faculty of Art, Design and Humanities; 바카라사이트 creation of a public open space to become 바카라사이트 new centre of 바카라사이트 campus; 바카라사이트 refurbishment of 바카라사이트 students’ union; and sports fields for all student teams.
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