By Sheri Kasprzak
New York, July 29 - The Massachusetts Water Pollution Abatement Trust sold $250 million total of series 2009 state revolving fund bonds Wednesday, said preliminary pricing data released by a sellside source.
The details of the sale were still being determined by press time on Wednesday.
The bonds (Aaa/AAA/AAA) are due 2011 to 2029. Coupons range from 3% to 5%.
J.P. Morgan Securities Inc. was the senior manager for the negotiated deal.
Proceeds will be used to refund existing debt and fund a swap termination agreement.
| Issuer: | Massachusetts Water Pollution Abatement Trust
|
| Issue: | Series 2009 state revolving fund bonds
|
| Amount: | $250 million
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities Inc.
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 11
|
|
|
| Maturity | Type | Coupon
|
| 2011 | Serial | 3%
|
| 2012 | Serial | 3%
|
| 2012 | Serial | 5%
|
| 2013 | Serial | 3%
|
| 2013 | Serial | 5%
|
| 2014 | Serial | 3%
|
| 2014 | Serial | 5%
|
| 2015 | Serial | 3%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 3%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 3%
|
| 2018 | Serial | 3%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 3%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 3.25%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 3.4%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 3.5%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 3.6%
|
| 2023 | Serial | 4.5%
|
| 2024 | Serial | 3.75%
|
| 2024 | Serial | 5%
|
| 2025 | Serial | 3.8%
|
| 2025 | Serial | 5%
|
| 2026 | Serial | 4%
|
| 2026 | Serial | 5%
|
| 2027 | Serial | 4%
|
| 2027 | Serial | 5%
|
| 2028 | Serial | 4.1%
|
| 2028 | Serial | 5%
|
| 2029 | Serial | 4.2%
|
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