Massachusetts preps $800 million short-term note deal for Wednesday

By Sheri Kasprzak

New York, Sept. 13 - The Commonwealth of Massachusetts plans to price $800 million of series 2013 general obligation revenue anticipation notes on Wednesday, according to a preliminary official statement.

The deal includes $200 million of series 2013A notes, $300 million of series 2013B notes and $300 million of series 2013C notes.

The notes will be sold competitively.

The 2013A notes are due April 24, 2014, and the 2013B notes are due May 29, 2014. The 2013C notes are due June 26, 2014.

Proceeds will be used to finance capital requirements for the commonwealth ahead of the collection of revenues during the 2014 fiscal year.

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