Word: putnam
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Dates: during 1980-1989
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...after construction. Harvard will be taking advantage of present low-market rates to recoup the original MATEP expenditure. The laws covering the issue will also enable Harvard to re-invest some of the money in its endowment and also to help pay off older bond issues. Harvard treasurer George Putnam '49 said recentls...
...University is anxious to complete financing of the plant within the next six months in order to capitalize on a drop in interest rates that Putnam predicted will only last six months In addition. Putnam has expressed fears that state laws governing tax free bonds may change later this year...
...very concerned that this privilege will be taken away from us." Putnam said...
...Putnam and Financial Vice-President, Thomas O'Brien, said they don't expect interest rates to drop much further than they have in recent months and that they believe Harvard is well-positioned to profit nicely from the sale if interest rates start back up again...
...money from the bond sale will be enough to finance all the construction and renovation projects the University has planned for several years, except for the beleagured $250 million Medical Area Total Energy Plant (MATEP) Putnam said Harvard is currently trying to arrange a debt-sale to refinance that project. but he added that he is not sure HEFA--which arranges financing for state colleges, hospitals, and cultural centers--will approve that...