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Massachusetts to sell $661.89 million G.O. bonds on Thursday
By Sheri Kasprzak
New York, Sept. 2 - The Commonwealth of Massachusetts will price its previously announced offering of $661.89 million in series 2008A general obligation bonds on Thursday, said a source at the issuer Tuesday.
The bonds will be sold through lead manager Citigroup Global Markets. The co-managers are Fidelity Capital Markets; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Lehman Brothers; Banc of America Securities LLC; Cabrera Capital Markets; Corby Capital Markets; Depfa First Albany; Eastern Bank Capital Markets; Finacorp Securities; Loop Capital Markets; M.R. Beal & Co.; Melvin Securities; Sovereign Securities Corp.; and Wachovia Bank.
The bonds are due 2009 to 2028 with term bonds due 2033 and 2038.
Proceeds will be used to reimburse or fund costs within the state's current capital spending plan, as well as to refund the state's series 2007D-1 and 2007D-2 auction-rate bonds.
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