Harvard University prepares issue of bonds worth 600 million dollars to partially repay existing obligations, announced Wall Street Journal.

According to preliminary prospectus on Dec. 3 issue will be managed by JP Morgan Securities, included UBS Financial Services.

On Wednesday by the university announced that they have lost 22 percent of the capital, or about 8 billion dollars over the past four months. Thus the richest university in the world is on track to achieve most poor return on its 40 years, notes Reuters.

Despite the recent loss of the university bonds are expected to have a high investment rating.

So far no official comment from school.