Massachusetts organizes $329.6 million sale of general obligation debt

By Sheri Kasprzak

New York, Sept. 12 – The Commonwealth of Massachusetts is expected to price $329.6 million of series 2014C general obligation refunding 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., Piper Jaffray & Co., Prager & Co. Inc., 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., TD Securities (USA) LLC, U.S. Bancorp Investments Inc., Wells Fargo Securities LLC and The Williams Capital Group LP.

The bonds are due 2019 to 2025.

Proceeds will be used to refund the commonwealth’s series 2007C, 2008A and 2009A G.O. bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.