Massachusetts School Building Authority plans $300 million note deal

By Sheri Kasprzak

New York, July 7 – The Massachusetts School Building Authority is expected to price $300 million of series 2014A subordinate dedicated sales tax bond anticipation notes on Thursday, according to a preliminary official statement.

The notes (MIG 1/SP-1+/F1+) will be sold competitively with Acacia Financial Group Inc. as the financial adviser.

The maturity date has not been set.

Proceeds will be used to finance grants to cities, towns and other local entities for school construction and improvement projects.

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