Massachusetts Eye and Ear Infirmary to sell $65 million revenue bonds

By Cristal Cody

Tupelo, Miss., Sept. 3 - The Massachusetts Health and Educational Facilities Authority expects to sell $65 million in series 2010C revenue bonds (Baa3/BBB-/) for the Massachusetts Eye and Ear Infirmary, according to a preliminary official statement.

The bonds are scheduled to price with term maturities.

Morgan Stanley will manage the negotiated sale.

Proceeds will be used to pay or reimburse a portion of costs to upgrade medical facilities and fund a debt service reserve fund and a capitalized interest account for the bonds.

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