By Sheri Kasprzak
New York, Sept. 24 – The Massachusetts Development Finance Agency sold $73.37 million of series 2014Z revenue bonds for Boston University, said a pricing sheet.
The deal included $63.17 million of series 2014Z-1 bonds and $10.2 million of series 2014Z-2 bonds.
Both tranches are due Aug. 1, 2019 and have a 1.5% coupon priced at par.
The bonds (A1/A/) were sold through senior managers J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.
Proceeds will be used to refinance the university’s series V-2 and V-3 revenue bonds.
| Issuer: | Massachusetts Development Finance Agency/Boston University
|
| Issue: | Series 2014Z revenue bonds
|
| Amount: | $73.37 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: A
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 30
|
|
|
| $63.17 million series 2014Z-1 bonds
|
| Maturity | Type | Coupon | Price
|
| Aug. 1, 2019 | Term | 1.5% | 100
|
|
|
| $10.2 million series 2014Z-2 bonds
|
| Maturity | Type | Coupon | Price
|
| Aug. 1, 2019 | Term | 1.5% | 100
|
|
|
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