Worcester Polytechnic, Mass., to price $56 million bonds via Barclays

By Sheri Kasprzak

New York, Jan. 14 - The Massachusetts Development Finance Authority is set to price $56 million in series 2010 revenue bonds for Worcester Polytechnic Institute, according to a preliminary official statement.

The bonds (A1/A+/) will be sold through lead manager Barclays Capital Inc.

The bonds are due 2011 to 2030 with term bonds due 2035, 2040 and 2045.

Proceeds will be used to equip, furnish and construct a sports and recreation facility and related office facilities, as well as to renovate facilities at Worcester Polytechnic.

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