Massachusetts Development Finance plans $195.33 million sale of Boston College revenue bonds

By Sheri Kasprzak

New York, Oct. 28 - The Massachusetts Development Finance Authority is expected to price $195.325 million in series R revenue bonds for Boston College, according to a preliminary official statement.

The offering includes $166.67 million in series R-1 bonds and $28.655 million in series R-2 bonds.

The bonds (Aa3/AA-/) will be sold on a negotiated basis with Barclays Capital Inc. as the underwriter.

The maturities have not been set.

Proceeds will be used to finance or refinance capital improvements to the Boston College campus, including the construction and equipment of a new academic building. The remainder will be used to refund existing debt.

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