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Massachusetts Development offers $195 million bonds for Tufts Medical
By Sheri Kasprzak
New York, March 14 - The Massachusetts Development Finance Authority is set to sell $195 million of series 2011I revenue bonds for the Tufts Medical Center, according to a preliminary official statement.
The bonds (/BBB/BBB) will be sold through Barclays Capital Inc. and J.P. Morgan Securities LLC.
The maturities have not been set.
Proceeds will be used to construct, improve and expand the acute care hospital operated by Tufts, as well as other Tufts facilities. The proceeds will also be used to refinance existing debt.
Based in Boston, the authority provides funding to nonprofit, health care and educational facilities.
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