By Sheri Kasprzak
New York, Dec. 17 - The Commonwealth of Massachusetts sold $525 million of series 2014A consolidated loan general obligation bonds, according to a pricing sheet.
The bonds (//AA+) were sold competitively. The issuer did not immediately return calls for the winning bidder Tuesday.
The bonds are due 2016 to 2019 and 2031 to 2041 with a term bond due in 2043. The serial coupons range from 4% to 5% with 0.6% to 4.57% yields. The 2043 bonds have a 4.5% coupon priced at 97.114 to yield 4.68%.
Proceeds will be used to finance the commonwealth's current capital spending plan.
| Issuer: | Commonwealth of Massachusetts
|
| Issue: | Series 2014A consolidated loan general obligation bonds
|
| Amount: | $525 million
|
| Type: | Competitive
|
| Rating: | Fitch: AA+
|
| Pricing date: | Dec. 17
|
| Settlement date: | Jan. 2
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $10 million | 2016 | Serial | 5% | 112.69 | 0.6%
|
| $20 million | 2017 | Serial | 5% | 115.732 | 0.9%
|
| $20 million | 2018 | Serial | 5% | 117.66 | 1.28%
|
| $20 million | 2019 | Serial | 5% | 118.738 | 1.66%
|
| $50 million | 2031 | Serial | 5% | 108.061 | 3.81%
|
| $50 million | 2032 | Serial | 4% | 97.023 | 4.23%
|
| $20 million | 2033 | Serial | 4% | 96.14 | 4.29%
|
| $20 million | 2034 | Serial | 5% | 106.374 | 4.05%
|
| $20 million | 2035 | Serial | 5% | 105.957 | 4.11%
|
| $20 million | 2036 | Serial | 5% | 105.611 | 4.16%
|
| $20 million | 2037 | Serial | 5% | 105.266 | 4.21%
|
| $20 million | 2038 | Serial | 5% | 105.06 | 4.24%
|
| $40 million | 2039 | Serial | 4.25% | 95.165 | 4.57%
|
| $40 million | 2040 | Serial | 5% | 104.649 | 4.3%
|
| $40 million | 2041 | Serial | 5% | 104.513 | 4.32%
|
| $115 million | 2043 | Term | 4.5% | 97.114 | 4.68%
|
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