Can you afford not to borrow right now? If you're a big, AAA-rated institution like the University of Cambridge, the answer is probably no -- which is why it's issuing a bond for the first time in its 800-year history. Hey, these guys know historically low interest rates when they see them.
Cambridge Is Issuing a Bond for the First Time in Its 800-Year History
Cambridge can send David Cameron a thank-you note for its rock bottom borrowing costs