Massachusetts to sell $1.2 billion revenue anticipation notes Thursday

By Sheri Kasprzak

New York, Sept. 24 - The Commonwealth of Massachusetts is set to price $1.2 billion of series 2012 general obligation revenue anticipation notes on Thursday, according to a preliminary official statement.

The offering includes $600 million of series 2012A notes and $600 million of series 2012B notes.

The 2012A notes are due April 25, 2013, and the 2012B notes are due May 23, 2013.

The notes will be sold competitively with Public Financial Management Inc. as the financial adviser.

Proceeds will be used to finance capital expenditures for the commonwealth ahead of the collection of certain revenues.

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