Massachusetts officials would like to boost investor interest on an upcoming $400 million Massachusetts Educational Financing Authority new-money bond deal, yet differ on how best the state should help the authority with the private-activity bond transaction.
Last week, Gov. Deval Patrick announced that he favors having the state's pension fund buy $50 million of the tax-exempt, fixed-rate deal. Morgan Stanley is set to price the bonds within the next two weeks, according to Tom Graf, MEFA's executive director. Public Financial Management Inc. is the financial adviser on the sale and Mintz, Levin, Cohen, Ferris, Glovsky and Popeo PC is bond counsel.