Massachusetts Educational Financing to bring $290.7 million in bonds

By Sheri Kasprzak

New York, June 18 - The Massachusetts Educational Financing Authority is expected to price $290.7 million in series 2009I education loan revenue bonds Wednesday, according to a preliminary official statement.

The bonds (/AA/A) will be sold through lead manager Morgan Stanley & Co. Inc. with J.P. Morgan Securities Inc. and Merrill Lynch & Co. Inc. as the co-managers.

The bonds are due 2012 to 2019 with a term bond due 2028.

Proceeds will be used to redeem or refund existing debt, as well as to make capital purchases.

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