Massachusetts State College Building plans $51.87 million bond deal

By Sheri Kasprzak

New York, May 25 - The Massachusetts State College Building Authority is expected to price $51.865 million of series 2011A refunding revenue bonds, said a preliminary official statement.

The bonds will be sold through Jefferies & Co. The co-managers are Bank of America Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Ramirez & Co. Inc. and Raymond James & Associates Inc.

The maturities have not yet been set.

Proceeds will be used to refund existing debt.

Based in Boston, the authority finances, constructs and designs buildings for the state's colleges and universities.

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