The Massachusetts School Building Authority is seeking investment banking services, with responses due by 1 p.m. EDT on Aug. 25. It will select “a multiple number of firms” to work on MSBA debt, forming a senior manager team and a co-manager group.

According to the RFQ, the authority has $455 million of commercial paper outstanding, with a letter of credit attached to the CP set to expire on Jan. 10. Officials anticipate selling $500 million of debt by the end of 2010.

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