By Aaron Hochman-Zimmerman
New York, Feb. 23 - The Massachusetts Bay Transportation Agency priced the second piece of its $119.01 million issue of senior sales tax bonds (Aa2/AAA/) on Wednesday, according to John Belliveau, the agency's finance manager.
The agency priced $79.645 million of series 2009A variable-rate demand obligation one-year put bonds on Wednesday. That followed $32.325 million of series B serial bonds priced on Feb. 12.
Citigroup Global Markets Inc. and Ramirez & Co. Inc. acted as co-lead underwriters for the negotiated issue.
Proceeds will refund existing debt.
The Massachusetts Bay Transportation Agency is headquartered in Boston.
Issuer: Massachusetts Bay Transportation Agency
Issue: Senior sales tax bonds
| Amount: | $119.01 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc. and Ramirez & Co. Inc.
|
| Ratings: | Moody's: Aa2
|
| Fitch: AAA
|
|
|
|
|
| Variable-rate demand obligation bonds
|
| Issue: | Series 2009A variable-rate demand obligation bonds
|
| Amount: | $79.645 million
|
| Pricing date: | Feb. 18
|
|
|
| Maturity | Amount | Coupon | Yield | Price
|
| July 1, 2024 | $9.515 million | 2% | 0.68% | 101.28
|
| July 1, 2025 | $10.075 million | 2% | 0.68% | 101.28
|
| July 1, 2026 | $10.675 million | 2% | 0.68% | 101.28
|
| July 1, 2027 | $11.300 million | 2% | 0.68% | 101.28
|
| July 1, 2028 | $11.975 million | 2% | 0.68% | 101.28
|
| July 1, 2029 | $12.680 million | 2% | 0.68% | 101.28
|
| July 1, 2030 | $13.425 million | 2% | 0.68% | 101.28
|
|
|
| Serial bonds
|
| Issue: | Series B serial bonds
|
| Amount: | $32.325 million
|
| Pricing date: | Feb. 12
|
|
|
| Maturity | Amount | Coupon | Yield | Price
|
| July 1, 2017 | $16.180 million | 5% | 2.58% | 118.065
|
| July 1, 2017 | $3.050 million | 3% | 2.58% | 103.133
|
| July 1, 2018 | $16.135 million | 5% | 2.82% | 117.799
|
| July 1, 2018 | $4.000 million | 4% | 2.82% | 109.633
|
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