Harvard University, Mass.'s $600 million bonds to price Thursday

By Sheri Kasprzak

New York, Dec. 8 - The Massachusetts Health and Educational Facilities Authority is expected to sell $600 million in series 2009A revenue bonds for Harvard University on Thursday, according to a calendar of upcoming sales.

The bonds (Aaa/AAA/) will be sold through senior manager J.P. Morgan Securities Inc.

Morgan Stanley & Co. Inc.; Goldman, Sachs & Co.; Loop Capital Markets; Barclays Capital; and Citigroup Global Markets are the co-managers.

Proceeds will be used to repay the university's outstanding commercial paper notes and to pay for other corporate expenses, including the termination of an interest rate swap agreement.

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