Massachusetts Development to sell $95.74 million Boston College bonds

By Aaron Hochman-Zimmerman

New York, May 4 - Massachusetts Development Finance Agency announced plans to issue a $95.74 million in two tranches of revenue bonds on behalf of Boston College (Aa3/AA-/), according to a preliminary offering statement.

The $71.125 million series Q-1 bonds will carry serial maturities from 2016 to 2029.

The $24.615 million series Q-2 bonds will carry serial maturities from 2010 to 2016.

Barclays Capital Inc. will act as underwriter for the negotiated deal. Public Financial Management Inc. will act as financial adviser.

Proceeds will be used to refinance existing debt.

The Massachusetts Development Finance Agency is based in Boston.

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