Massachusetts Educational Financing plans $108.9 million revenue bonds

By Sheri Kasprzak

New York, June 17 - The Massachusetts Educational Financing Authority is expected to price $108.9 million of series 2011J education loan revenue bonds, said a preliminary official statement.

The bonds (AA/A) will be sold through senior manager Morgan Stanley & Co. Inc. with Bank of America Merrill Lynch, Fidelity Capital Markets LLC and J.P. Morgan Securities LLC as the co-managers.

The bonds are due 2017 to 2029.

Proceeds will be used fund educational loans to qualified students in Massachusetts.

Based in Boston, the authority provides post-secondary student loans.

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