Massachusetts Development Finance Agency to price $134.75 million revenue bonds for WGBH

By Cristal Cody

Springdale, Ark., May 12 - The Massachusetts Development Finance Agency expects to price $134.75 million revenue bonds for the WGBH Educational Foundation on May 21, the issuer said Monday.

The $107.25 million series 2008A current interest bonds and $27.5 million series 2008B zero coupon bonds also will be offered for retail orders on May 20, said Adam Bickelman, spokesman for the finance agency.

RBC Capital Markets is the senior manager of the negotiated sale. Banc of America Securities LLC and JPMorgan are co-managers.

Proceeds will be used to pay swap termination fees and refund the foundation's series 2007A, series 2006A, series 2005A and series 2002B variable-rate demand revenue bonds.

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