Massachusetts Port Authority to price $80 million revenue refunding bonds Thursday

By Sheri Kasprzak

New York, June 20 - The Massachusetts Port Authority plans to price $80 million in series 2008C revenue refunding bonds, according to a preliminary official statement.

The bonds (//AA) are expected to price on Thursday, a sellside source familiar with the offering told Prospect News, but the date may be changed if market conditions are not favorable.

The bonds will be sold on a negotiated basis with Citigroup Global Markets as the senior manager. The co-managers are Goldman, Sachs & Co. and Siebert Brandford Shank & Co.

The bonds are due 2009 to 2025.

Proceeds will be used to refund an outstanding series of bonds.

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