Broad Institute Bond Issue Seeks to Raise $353M | GenomeWeb

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – The Broad Institute of Harvard and MIT plans to sell up to $353.4 million in bonds to help finance the building of a new biomedical research lab in Cambridge, Mass.

The bonds will be issued by the Massachusetts Development Finance agency and will include $269.9 million in tax exempt Series 2011A revenue bonds and $83.5 million in taxable Series 2011B revenue bonds, a spokesperson for the Broad confirmed Monday.

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