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Rates
The University's Central Bank provides debt financing for capital projects throughout Harvard.
The Central Bank offers several interest rates to internal borrowers for their capital projects.
Blended Debt Rate: This rate applies during the Construction in Progress (CIP) period and
after completion when a loan is created. It is based on the weighted average interest rate
of the University's portfolio of debt used for general University projects.
Blended Debt Rate |
| Current Rate for |
| FY 2008 |
5.50% |
| Historical Rates: |
| FY 2007 |
5.50% |
| FY 2006 |
5.55% |
| FY 2005 |
5.60% |
| FY 2004 |
5.60% |
| FY 2003 |
5.75% |
| FY 2002 |
6.30% |
Tax-Exempt CP Rate: This rate applies during the CIP period for projects that will
use at least $10 million in debt financing. At project completion, a loan is created at the
blended debt rate.
Tax Exempt CP Rate |
| Blended debt rate |
| Current Rate for |
| Feb 08 |
2.49% |
| Historical Rates: |
| January 2008 |
3.44% |
| December 2007 |
3.51% |
| November 2007 |
3.62% |
| October 2007 |
3.78% |
| September 2007 |
3.82% |
| August 2007 |
3.84% |
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