By Sheri Kasprzak
New York, April 27 - The Massachusetts Development Finance Agency sold $50 million of series 2011 variable-rate demand revenue bonds for the Jewish Rehabilitation Centers for Living, according to a pricing sheet.
The bonds were sold through senior manager Lancaster Pollard & Co.
The offering included $25 million of series 2011A bonds and $25 million of series 2011B bonds. The 2011A bonds (A2/VMIG1) are due April 1, 2041, and the 2011B bonds (A2) are due April 1, 2041. Both bonds bear interest at the weekly rate.
Proceeds will be used to replace a skilled nursing facility in Peabody, Mass., as well as to refund bonds.
| Issuer: | Massachusetts Development Finance Agency/Jewish Rehabilitation Centers for Living
|
| Issue: | Series 2011 variable-rate demand revenue bonds
|
| Amount: | $50 million
|
| Type: | Negotiated
|
| Underwriter: | Lancaster Pollard & Co.
|
| Ratings: | Moody's: A2/VMIG1 (for 2011A); A2 (for 2011B)
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
|
|
| $25 million series 2011A
|
| Maturity | Type | Coupon | Price
|
| April 1, 2041 | Term | Weekly | 100
|
|
|
| $25 million series 2011B
|
| Maturity | Type | Coupon | Price
|
| April 1, 2041 | Term | Weekly | 100
|
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