Massachusetts prepares $350 million green general obligation bond deal

By Sheri Kasprzak

New York, Sept. 10 – The Commonwealth of Massachusetts is set to price $350 million of series 2014E consolidated loan green general obligation bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Morgan Stanley & Co. LLC, BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as the senior managers. The co-managers are Baird & Co., Barclays, Cabrera Capital Markets LLC, CastleOak Securities LP, Eastern Bank, Estrada Hinojosa & Co. Inc., Fidelity Capital Markets LLC, Janney Montgomery Scott LLC, Jefferies & Co., Loop Capital Markets LLC, Mesirow Financial Inc., Oppenheimer & Co. Inc., Piper Jaffray & Co., Prager & Co. LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC, Stifel, Nicolaus & Co. LLC, TD Securities (USA) Inc., U.S. Bancorp Investments Inc., Wells Fargo Securities LLC and Williams Capital Group LP.

The bonds are due 2019 to 2031.

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

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