Massachusetts Development Finance plans to price $135.39 million Emerson College bonds Tuesday

By Sheri Kasprzak

New York, June 11 - The Massachusetts Development Finance Agency is scheduled to bring to market $135.39 million in series 2010 revenue bonds for Emerson College on Tuesday, according to a calendar of upcoming deals.

The offering includes $126.615 million series 2010A tax-exempt revenue bonds and $8.775 million in series 2010B federally taxable revenue bonds.

The bonds (/A-/) will be sold through senior manager Citigroup Global Markets Inc.

The 2010A bonds are due 2014 to 2030 with a term bond due 2040. The 2010B bonds are due 2011 to 2013.

Proceeds will be used to refund the college's series 1999A higher education refunding revenue bonds, as well as reimburse the college for costs associated with the acquisition of land, site development, construction and equipment of campus buildings and the renovation of the Paramount Arts Center and Residence Complex in Boston.

The agency, based in Boston, finances projects for economic development.

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