Massachusetts Bay Transportation to sell $253.16 million senior sales tax bonds Tuesday

By Sheri Kasprzak

New York, Oct. 16 - The Massachusetts Bay Transportation Authority plans to bring $253.16 million in series 2009 senior sales tax bonds on Tuesday, according to a sales calendar.

The bonds (Aa2/AAA/) will be sold through senior managers Goldman, Sachs & Co. and Barclays Capital Inc. The co-managers are J.P. Morgan Securities Inc., Citigroup Global Markets Inc. and Ramirez & Co.

The 2009C bonds are due 2024, 2029 and 2039 and the 2009D bonds are due 2014 to 2019.

Proceeds will be used to pay capital costs and fund a debt service reserve fund.

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