Massachusetts Water Pollution trust to price $443.44 million bonds

By Cristal Cody

Tupelo, Miss., Feb. 23 - The Massachusetts Water Pollution Abatement Trust intends to price $443.44 million in revolving fund bonds, according to a preliminary official statement.

The series 14 state revolving fund bonds (//AAA) have serial maturities from Aug. 1, 2009 through Aug. 1, 2028 and a term due 2038.

Morgan Stanley and Siebert Brandford Shank & Co., LLC are the senior managers of the negotiated sale.

The co-managers are Banc of America Securities LLC; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Merrill Lynch & Co;, Ramirez & Co., Inc.; Barclays Capital Inc.; Butler Wick & Co., Inc.; Cabrera Capital Markets, LLC; Corby Capital Markets, Inc.; Depfa First Albany Securities LLC; Fidelity Capital Markets Services; Jackson Securities LLC; Lebenthal & Co., LLC; Loop Capital Markets, LLC; Morgan Keegan & Co., Inc.; M.R. Beal & Co.; Raymond James & Associates, Inc.; SBK-Brooks Investment Corp.; Southwest Securities Inc.; Sterne, Agee & Leach, Inc.; and Wachovia Bank, NA.

The proceeds will be used to finance or refinance water pollution abatement and drinking water projects.

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