By Sheri Kasprzak
New York, Dec. 20 - The Commonwealth of Massachusetts sold $100 million of series 2010A accelerated bridge program grant anticipation notes, according to an official statement.
The Build America Bonds (Aa2/AAA/AA+) were sold on a negotiated basis with Jefferies & Co. as the senior manager. The co-managers were Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc. and Ramirez & Co. Inc.
The bonds are due 2015 to 2022 with coupons from 2.983% to 5.035%, all priced at par.
Proceeds will be used to design, construct and repair bridges in the commonwealth.
| Issuer: | Commonwealth of Massachusetts
|
| Issue: | Series 2010A accelerated bridge program grant anticipation notes
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Underwriters: | Jefferies & Co. (lead), Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc. and Ramirez & Co. Inc. (co-managers)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AAA
|
| Fitch: AA+
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 23
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $11.39 million | 2015 | Serial | 2.983% | 100
|
| $11.365 million | 2016 | Serial | 3.586% | 100
|
| $11.925 million | 2017 | Serial | 3.936% | 100
|
| $12.245 million | 2018 | Serial | 4.285% | 100
|
| $12.6 million | 2019 | Serial | 4.485% | 100
|
| $12.935 million | 2020 | Serial | 4.685% | 100
|
| $13.39 million | 2021 | Serial | 4.835% | 100
|
| $13.83 million | 2022 | Serial | 5.035% | 100
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
