Mills & Reeve has taken a lead role alongside Clifford Chance (CC) and Linklaters on the University of Cambridge’s 40-year, £350m bond issue.

Morgan Stanley, HSBC and Royal Bank of Scotland are joint-managing the offering from the university, which last week received an AAA credit rating from Moody’s. The move marks the university’s first foray into the public market in its 800-year history.