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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 set annually by the University, and based on the weighted average interest rate
of the University's portfolio of debt used for capital projects.
Recent rates include:
FY12: 5.50%
FY11: 5.50%
CIP Rate: This rate applies during the construction-in-progress (CIP) period for projects that will
require at least $10 million in debt financing. At project completion, a long-term loan is initiated at the
blended debt rate. This rate is updated monthly.
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