Published on 7/31/2013 in the Prospect News Municipals Daily.
New Issue: Dana-Farber Cancer Institute, Mass., offers $50.86 million revenue debt
By Sheri Kasprzak
New York, July 31 - The Massachusetts Development Finance Agency sold $50.86 million of series 2013M revenue bonds for the Dana-Farber Cancer Institute, said a pricing sheet.
The bonds (A1/A/) were sold through lead manager Goldman, Sachs & Co.
The bonds are due Dec. 1, 2028 and have a 5.353% coupon priced at par.
Proceeds will be used to renovate the institute's 154,000 square-foot research center and for general corporate purposes.
| Issuer: | Massachusetts Development Finance Agency/Dana-Farber Cancer Institute
|
| Issue: | Series 2013M revenue bonds
|
| Amount: | $50.86 million
|
| Maturity: | Dec. 1, 2028
|
| Coupon: | 5.353%
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. (lead)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 7
|
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