Massachusetts State College Building Authority to sell $130 million bonds Jan. 13

By Sheri Kasprzak

New York, Jan. 7 - The Massachusetts State College Building Authority plans to sell $130 million in series 2009A project revenue bonds on Jan. 13, according to a preliminary official statement.

The bonds (A1/A+/) will be sold on a negotiated basis with J.P. Morgan Securities Inc. and Depfa First Albany Securities LLC as the senior managers.

The co-managers are Banc of America Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Raymond James & Associates Inc. and Samuel A. Ramirez & Co. Inc.

Proceeds will be used to build and expand residence halls at Salem State College and Worcester State College; to renew residence halls at Bridgewater State College, Fitchburg State College, Massachusetts College of Liberal Arts, Salem State College, Westfield State College and Worcester State College; to acquire property and a parking facility at Framingham State College; and to fund a student center at Massachusetts College of Art and Design.

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