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Massachusetts Bay Transportation to sell $263.09 million bonds
By Sheri Kasprzak
New York, Nov. 24 - The Massachusetts Bay Transportation Authority plans to sell $263.085 million of series 2010 senior sales tax bonds, according to a preliminary official statement.
The deal includes $63.085 million of series 2010C bonds and $200 million of series 2010D Build America bonds.
The bonds (Aa1/AAA/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are Barclays Capital Inc., Citigroup Global Markets Inc. and Ramirez & Co. Inc.
The 2010C bonds are due 2018 to 2020, and the 2010D bonds are due 2030 and 2040.
Proceeds will be used to refund existing debt.
Located in Boston, the authority operates the Boston area's mass transit system.
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