Word: bondses
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Harvard floated a similar package of bonds two months ago to pay for a handful of ongoing construction subjects, including renovations of the Houses and the Biology laboratories The sale, at $245 million, was the largest ever by an educational institution.
Harvard and other Massachusetts universities are able to sell tax-free bonds unver the guidelines of the state's Health and Educational Facilities Authority. Investors who buy the bonds are in essence lending the University a large sum of money, to be repaid with interest compounded over a long period...
Earlier attempts at MATEP bond issues have also stalled, in part because the high interest rates would have put a large future burden on Harvard. In addition, existing laws did not allow the University to sell tax-free bonds for MATEP, since the plant earns profits.
DIED. Robert J. Kutak, 50, exuberant Omaha lawyer and indefatigable leader for the past five years of the campaign to reform the legal profession's code of ethics; of a heart attack; in Minneapolis. After a storm of protests over his proposals to weaken the bonds of client-attorney...
On most Friday afternoons at 4:15, the Federal Reserve releases the money-supply figures from the previous week. In the past, that has set off a flurry of activity in financial centers around the world. Short-term interest rates often rise or fall on the basis of what the...