Post RSS Feed 
Podcast Feed
University of Canterbury filling NZ$50 million ‘philanthropic bond’ issue fast
October 23rd, 2009University of Canterbury has announced its ‘philanthropic bond’ issue to raise up to NZ$50 million has been filling fast with NZ$15 million already received since it opened on October 9.
University of Canterbury said it had received reservation requests from brokers for NZ$35 million for the five year bond offer, which closes on November 30 and is offering 7.25%. Investors can reduce their interest as a donation to the University, which plans to use the bond proceeds for new buildings and technology.
Tags: Philanthropic Bond, Rod Carr, University of Canterbury
You may also like to read:
Loading ...
October 24th, 2009 at 3:37 pm
Am I missing something obvious here , but this is plainly daft . And from a university too . Wouldn’t it be easier , and more tax beneficial , for generous souls to just donate money , or make bequeaths , to the venerable seat of learning ………. Are there sun-spots today ? ………. Bloody hell !
October 26th, 2009 at 4:40 pm
Unfortunately Roger, it would appear there is money to be made out of universities these days….
October 26th, 2009 at 4:52 pm
I have no problem with that . In fact , not before time they got into the real world , and out of their socialist ivory towers . But a philanthropic bond issue ? Myopic , moronic nonsense . Either you donate money or you don’t . Why the cutesy pie ” reduce their interest as a donation to the university ” ? ………….. Spring fever ……….. Sun-spots …………Excess booze………….. God only knows how seemingly educated folk dream up this rubbish .
October 26th, 2009 at 10:54 pm
The lemmings will put their money anywhere if there is a high interest rate on offer no matter how risky! We saw it with the finance companies. How will this university propose to pay back all of this debt?