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According to Education Investor, The University of Brighton has become the latest higher education institution to raise money from the bond markets

According to sources close to the matter, the university raised £35 million through a private placement in April. A single US investor, whose identity is undisclosed, is said to have purchased the entire offering.

Bonds are becoming increasingly attractive as alternative source of finance for universities.

The University of Cambridge raised £350 million through a public placement in 2012, while the University of Manchester raised £300 million last year.

Brighton is the first post-1992 institution to have tapped the markets, however.

The bond has a 25-year fixed rate structure and was tendered by Beha Williams Norman Limited, a firm best known advising the social housing sector.

The University of Brighton could not be reached for comment.