Massachusetts Educational Financing to sell $400 million revenue bonds

By Cristal Cody

Springdale, Ark., Aug. 22 - The Massachusetts Educational Financing Authority intends to price $400 million education loan revenue bonds, according to a preliminary official statement.

The series 2008H term bonds are due 2023 and 2032.

The bonds are insured by Assured Guaranty Corp.

Morgan Stanley & Co. Inc. is the senior manager of the negotiated sale. Co-managers are Goldman, Sachs & Co. and J.P. Morgan Securities Inc.

Proceeds will be used to finance loans and to refund the series 2001E, 2002E, 2003E, 2004E, 2005E and 2006E education loan revenue bonds.

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