Massachusetts Development Finance to price $117.4 million Boston University revenue bonds

By Sheri Kasprzak

New York, Nov. 12 - The Massachusetts Development Finance Agency plans to sell $117.4 million in series V revenue bonds for Boston University, according to a preliminary official statement.

The bonds are expected to price on Tuesday.

The sale includes $44 million in series V-1 bonds, $63.2 million in series V-2 bonds and $10.2 million in series V-3 bonds.

The bonds (A2/A/) will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the lead manager. The co-managers are Morgan Stanley & Co., Barclays Capital Inc. and Wells Fargo Securities Inc.

The maturities have not been set.

Proceeds will be used to refund existing debt issued by Boston University.

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