Massachusetts Bay Transportation plans $415.6 million assessment bonds

By Sheri Kasprzak

New York, June 4 - The Massachusetts Bay Transportation Authority is set to price $415,595,000 of series 2012A assessment bonds, according to a preliminary official statement. Pricing is expected for the week of June 4.

The bonds (Aa1/AAA/) will be sold on a negotiated basis with Ramirez & Co. Inc. and Barclays Capital Inc. as the lead managers. The co-managers are Corby Capital Markets Inc., Loop Capital Markets LLC and Siebert Brandford Shank & Co. LLC.

The maturities have not been set.

Proceeds will be used to refund existing debt.

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