Published on 3/31/2015 in the Prospect News Green Finance Daily and Prospect News Municipals Daily.
New Issue: Massachusetts Development prices $158.16 million Boston Medical bonds
By Sheri Kasprzak
New York, March 31 – The Massachusetts Development Finance Agency priced $158,155,000 of series 2015D green revenue bonds for Boston Medical Center, according to a pricing sheet.
The bonds (Baa2/BBB/) were sold through lead manager Morgan Stanley & Co. LLC.
The bonds are due 2044 to 2045 with 4% to 5% coupons and 4.03% to 4.25% yields.
Proceeds will be used to finance the establishment of environmentally responsible programs for the medical center.
| Issuer: | Massachusetts Development Finance Agency/Boston Medical Center
|
| Issue: | Series 2015D green revenue bonds
|
| Amount: | $158,159,000
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Ratings: | Moody’s: Baa2
|
| Standard & Poor’s: BBB
|
| Pricing date: | March 31
|
| Settlement date: | April 8
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $130,255,000 | 2044 | Term | 5% | 108.064 | 4.03%
|
| $27.9 million | 2045 | Term | 4% | 95.762 | 4.25%
|
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