The University has announced today it has successfully issued a 拢300m public bond which, together with existing funding, will allow Southampton to invest in the region of 拢600m in facilities and infrastructure over the next 10 years, as part of its 鈥楽imply better鈥� strategy.
The bond is the most flexible and cost-effective way for the University to secure long-term funding, and our bond has attracted the lowest interest rate of any issued by a UK university, at 2.25 per cent. The bond will be due for repayment in 40 years, throughout which the University will pay聽regular interest on the total amount secured.
University of Southampton President and Vice-Chancellor, Professor Sir Christopher Snowden, said:
The success of our bond issue is a huge vote of confidence by investors in our University and our strategy for the future. The University of Southampton is an exceptional university with a global reputation for our education, research and innovation.聽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.
University of Southampton Chair of Council, Dr Gill Rider, said:
I would like to congratulate the executive team on the successful issue of the bond, securing investment in the strategy, which has the full support of the Council. It is vital the University invests with a long-term view of its global position and reputation, and the bond proceeds will allow us to make transformational investment in our campuses and supporting infrastructure.
The University of Southampton is already in the top one per cent of universities worldwide, and one of only 11 universities in both the world top 100 and UK top 20. Its strategy is to secure consistent ranking in the top 10 universities in the UK and top 100 internationally.
More information about future investment plans and the 10-Year Plan will be available at the next , and the University will announce more detailed plans for its programme of campus improvements over the coming 12 months.
You can find a Q&A .
