Massachusetts to price $526.78 million G.O. bonds

By Sheri Kasprzak

New York, Feb. 12 - The Commonwealth of Massachusetts plans to sell $526.78 million in series 2009A general obligation and G.O. refunding bonds, according to a preliminary official statement released Thursday.

The sale includes $430.315 million in series 2009A G.O. bonds and $96.465 million in series 2009A G.O. refunding bonds.

Goldman, Sachs & Co. is the senior manager for the sale.

The co-managers include Barclays Capital Inc., Citigroup Global Markets Inc., Fidelity Capital Market Services Inc., J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc., Banc of America Securities LLC, Cabrera Capital Markets Inc., Depfa First Albany Securities LLC, Eastern Bank Capital Markets, Edward Jones & Co., Janney Montgomery Scott LLC, M.R. Beal & Co., Merrill Lynch & Co., Morgan Keegan & Co. Inc., Oppenheimer & Co. Inc., Piper Jaffray & Co., RBC Capital Markets Corp., Ramirez & Co. Inc., Raymond James & Associates Inc., Siebert Brandford Shank & Co. LLC and Southwest Securities Inc.

The 2009A G.O. bonds are due from 2010 to 2029 with term bonds due 2034 and 2039. The 2009A G.O. refunding bonds are due 2010 to 2022.

Proceeds will be used for capital expenditures, as well as for refunding existing debt.

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