Massachusetts intends to sell $538.86 million G.O. refunding bonds

By Sheri Kasprzak

New York, March 4 - The Commonwealth of Massachusetts plans to price $538.86 million in series 2010A Sifma Index general obligation refunding bonds, according to a preliminary official statement.

The bonds (Aa2/AA/AA) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the senior manager.

The co-managers are Goldman Sachs & Co.; Jefferies & Co.; Barclays Capital Inc.; Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Fidelity Capital Markets Inc.; and J.P. Morgan Securities Inc.

The bonds are due 2011 to 2014.

Proceeds will be used to refund existing bonds.

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