Massachusetts preps $380.54 million sale of general obligation bonds

By Sheri Kasprzak

New York, Nov. 29 - The Commonwealth of Massachusetts is set to price $380.54 million of series 2012 general obligation bonds, according to a preliminary official statement.

The deal includes $230.54 million of series 2012B Sifma index G.O. refunding bonds and $150 million of consolidated loan of 2012D G.O. bonds.

The 2012B bonds are due 2015 to 2017, and the 2012D bonds are due 2014 to 2015 and 2017.

The bonds will be sold through J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC. The co-managers are Citigroup Global Markets Inc., Fidelity Capital Markets Inc., Jefferies & Co. and Wells Fargo Securities LLC.

Proceeds will be used to finance capital projects within the commonwealth.

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