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"We are allowing universities the ability to access longer maturities – that is obviously attractive and that in particular is making it a very compelling alternative to the bank market"
Richard Bartlett, RBS |
Royal Bank of Scotland has created a new funding tool for UK universities called Unifund. These institutions currently use bank lending and private placements to finance themselves. Unifund allows universities to access the capital markets indirectly by pooling loans into a conduit.
"What we have done is to...
