Massachusetts State College Building Authority to sell $151.1 million revenue bonds, BABs

By Sheri Kasprzak

New York, Dec. 1 - The Massachusetts State College Building Authority plans to price $151.095 million in series 2009 project revenue bonds, according to a preliminary official statement.

The sale includes $84.045 million in series 2009B bonds and $67.05 million in series 2009C Build America Bonds.

The bonds will be sold on a negotiated basis with Jefferies & Co. and Barclays Capital Inc. as the senior managers. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Merrill Lynch & Co., Ramirez & Co. Inc. and Raymond James & Associates Inc.

The maturities have not yet been set.

Proceeds will be used to fund infrastructure projects at colleges within the state.

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