Massachusetts HEFA defeases series N, O MIT revenue bonds

By Tali Rackner

Norfolk, Va., Sept. 30 – The Massachusetts Health and Educational Facilities Authority defeased its series N and series O revenue bonds issued for the Massachusetts Institute of Technology, according to two notices.

The following series N bonds will be redeemed at par plus accrued interest on July 1, 2017:

• $50 million of 5% bonds due July 1, 2019; and

• $225,195,000 of 5% bonds due July 1, 2038.

The following series O bonds will be redeemed at par plus accrued interest on July 1, 2018:

• $23,485,000 of 5% bonds due July 1, 2026;

• $47,975,000 of 5.75% bonds due July 1, 2026;

• $42 million of 5.5% bonds due July 1, 2036; and

• $65 million of 6% bonds due July 1, 2036.

The Bank of New York Mellon Trust Co., NA is the trustee.

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