Massachusetts State College Building plans $139.64 million bond sale

By Sheri Kasprzak

New York, Dec. 1 – The Massachusetts State College Building Authority is expected to price $139,635,000 of series 2014 project revenue bonds, according to a preliminary official statement.

The deal includes $65.98 million of series 2014B green bonds, $37.1 million of series 2014C project revenue bonds and $36,555,000 of series 2014D refunding revenue bonds.

The bonds (Aa2/AA/) will be sold through senior managers Raymond James/Morgan Keegan, Ramirez & Co. Inc. and Wells Fargo Securities LLC. The co-managers are BofA Merrill Lynch, Barclays, Fidelity Capital Markets Inc., J.P. Morgan Securities LLC and Jefferies & Co. Inc.

The 2014B bonds are due 2017 to 2034 with term bonds due in 2039 and 2044. The 2014C bonds are due 2015 to 2034 with term bonds due in 2039 and 2044. The 2014D bonds are due 2015 to 2018 and 2032 to 2034 with term bonds due in 2039 and 2041.

Proceeds will be used to finance capital improvements to various state colleges, as well as to refund the authority’s series 2005A and 2006A revenue bonds.

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