Charles Stark Draper Laboratory, Mass., preps $50 million taxable debt

By Sheri Kasprzak

New York, Jan. 14 – The Charles Stark Draper Laboratory Inc. of Massachusetts is set to price $50 million of series 2015 taxable bonds, according to a preliminary official statement.

The bonds (Aa3) will be offered through J.P. Morgan Securities LLC and Citigroup Global Markets Inc.

The maturities have not been set.

Proceeds will be used to refund the laboratory’s series 2008 revenue bonds issued through the Massachusetts Development Finance Agency.

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