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Massachusetts preps $438.53 million sale of G.O. bonds for Wednesday
By Sheri Kasprzak
New York, March 18 - The Commonwealth of Massachusetts is slated to sell $438.525 million of series 2011 general obligation bonds on Wednesday, according to a preliminary official statement.
The offering includes $78.525 million of series 2011B G.O. bonds and $360 million of series 2011A consolidated loan G.O. bonds.
The bonds will be sold on a negotiated basis with Siebert Brandford Shank & Co. LLC as the senior manager. The co-managers are Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Fidelity Capital Markets LLC, Jefferies & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc., Ramirez & Co. Inc. and Raymond James & Associates Inc.
The 2011B bonds are due 2012 to 2021, and the 2011A bonds are due 2022 to 2029.
Proceeds will be used to reimburse the commonwealth for capital expenditures.
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