Harvard University floats US$1.65bil debt sale

The university is planning to borrow as much as US$750mil of taxable fixed-rate bonds and US$900mil of tax-exempt bonds. — Bloomberg

NEW YORK: Harvard University is considering the sale of as much as US$1.65bil of bonds, marking the latest Ivy League school to issue debt this year, and potentially providing signs of how it’s financially faring after months of turmoil over allegations of anti-semitism on campus.

The university is planning to borrow as much as US$750mil of taxable fixed-rate bonds the week of March 4 and US$900mil of tax-exempt bonds in April, according to a regulatory filing.