Massachusetts Port Authority organizes $251.73 million bond offering

By Sheri Kasprzak

New York, June 23 – The Massachusetts Port Authority is set to price $251.73 million of series 2014 revenue bonds, said a preliminary official statement.

The deal includes $45,715,000 of series 2014A non-AMT bonds, $48,915,000 of series 2014B AMT bonds and $157.1 million of series 2014C non-AMT refunding bonds.

The bonds (Aa3/AA-/AA) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the senior manager. The co-managers are Barclays and Loop Capital Markets LLC.

The maturities have not been set.

Proceeds will be used to refund the authority’s series 2012A commercial paper notes and its series 2003A, 2003C and 2005A revenue bonds.

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