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Massachusetts Institute of Technology plans $522 million taxable bonds
By Sheri Kasprzak
New York, Sept. 19 – The Massachusetts Institute of Technology is set to price $522 million of series 2014D taxable bonds, according to a preliminary official statement.
The bonds (Aaa/AAA/) will be sold on a negotiated basis with J.P. Morgan Securities LLC, Barclays and Morgan Stanley & Co. LLC as the senior managers.
The deal includes $152 million of series 2014D-1 bonds and $370 million of series 2014D-2 green bonds.
The 2014D-1 bonds are due in 2019 and 2026 and the 2014D-2 bonds are due in 2038.
Proceeds will be used to advance refund the institute’s series 2008O taxable bonds.
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