Massachusetts Development to sell $50.52 million bonds for Tufts

By Sheri Kasprzak

New York, Jan. 18 - The Massachusetts Development Finance Agency is set to sell $50.52 million of series 2011P revenue bonds for Tufts University, according to a preliminary official statement.

The bonds (Aa2/AA-/) will be sold through Barclays Capital Inc. and J.P. Morgan Securities LLC and are due Feb. 15, 2036.

Proceeds will be used to refund the university's outstanding series 2001I revenue bonds.

Based in Boston, the agency provides funding for health care and educational facilities throughout the commonwealth. The university is based in Medford, Mass.

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