Massachusetts Bay Transportation eyes $226.47 million sales tax bonds

By Sheri Kasprzak

New York, July 18 – The Massachusetts Bay Transportation Authority is expected to price $226,469,251 of series 2016A capital appreciation senior sales tax bonds on Tuesday, according to a preliminary official statement.

The bonds (Aa2/AA+) will be sold competitively with Public Financial Management Inc. as the financial adviser.

The bonds are due 2021 to 2033.

Proceeds will be used to refund existing debt.

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