Source: New York Post
Harvard University, among the most prestigious of America’s Ivy League universities, has revealed a few chinks in its finances as it continues its battle with the Trump administration, On The Money has learned. That’s our reading of an interesting document that the school recently distributed on Wall Street, a “preliminary offering statement” that makes disclosures to investors who are weighing whether to snap up the university’s debt. Harvard is planning to borrow $675 million through a Massachusetts agency that sells low-cost, tax-advantaged municipal bonds on behalf of certain private entities that qualify for the privilege, universities being among them.
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