By Sheri Kasprzak
New York, June 29 - The Massachusetts Water Pollution Abatement Trust sold $486.495 million in series 2010 state revolving fund bonds on Tuesday, according to a pricing sheet.
The offering included $191.9 million in series 15A bonds, $252.595 million in series 15B Build America Bonds and $42 million in series 2010A bonds.
The 15A bonds are due 2011 to 2021 with coupons from 2% to 5%. The 15B bonds are due Aug. 1, 2040, and have a 5.192% coupon priced at par.
The 2010A bonds are due 2014 to 2026 with coupons from 3% to 5%.
Goldman, Sachs & Co. was the senior manager for the bonds (Aaa/AAA/AA).
Proceeds will be used to fund loans for water and wastewater capital projects for 85 governmental units, as well as refund the trust's outstanding stand-alone program bonds.
| Issuer: | Massachusetts Water Pollution Abatement Trust
|
| Issue: | Series 2010 state revolving fund bonds
|
| Amount: | $486.495 million
|
| Type: | Negotiated
|
| Underwriter: | Goldman, Sachs & Co. (lead)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AA
|
| Pricing date: | June 29
|
|
|
| Series 15A
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 2% | NRO
|
| 2012 | Serial | 2% | 102.908
|
| 2012 | Serial | 4% | 107.006
|
| 2012 | Serial | 5% | 109.054
|
| 2013 | Serial | 2.5% | 104.514
|
| 2013 | Serial | 4% | 109.029
|
| 2013 | Serial | 5% | 112.039
|
| 2014 | Serial | 3% | 106.339
|
| 2014 | Serial | 4% | 110.277
|
| 2014 | Serial | 5% | 114.215
|
| 2015 | Serial | 3% | 106.081
|
| 2015 | Serial | 4% | 110.908
|
| 2015 | Serial | 5% | 115.735
|
| 2016 | Serial | 3% | 104.923
|
| 2016 | Serial | 4% | 110.583
|
| 2016 | Serial | 5% | 116.243
|
| 2017 | Serial | 3.5% | 107.039
|
| 2017 | Serial | 4% | 110.269
|
| 2017 | Serial | 5% | 116.728
|
| 2018 | Serial | 5% | 117.356
|
| 2019 | Serial | 5% | 117.502
|
| 2020 | Serial | 5% | 117.45
|
| 2021 | Serial | 5% | NRO
|
|
|
| Series 15B
|
| Maturity | Type | Coupon | Price
|
| Aug. 1, 2040 | Term | 5.192% | 100
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2014 | Serial | 3% | 105.757
|
| 2014 | Serial | 5% | 112.694
|
| 2015 | Serial | 3% | 105.729
|
| 2015 | Serial | 5% | 114.478
|
| 2016 | Serial | 4% | 110.037
|
| 2016 | Serial | 5% | 115.265
|
| 2017 | Serial | 4% | 109.917
|
| 2017 | Serial | 5% | 115.964
|
| 2018 | Serial | 4% | 109.916
|
| 2018 | Serial | 5% | 116.755
|
| 2019 | Serial | 4% | 109.478
|
| 2019 | Serial | 5% | 117.062
|
| 2020 | Serial | 4% | 108.866
|
| 2020 | Serial | 5% | 117.154
|
| 2021 | Serial | 3.125% | 99.953
|
| 2021 | Serial | 5% | 115.35
|
| 2022 | Serial | 3.25% | 100.08
|
| 2022 | Serial | 5% | 114.372
|
| 2023 | Serial | 3.3% | 99.489
|
| 2023 | Serial | 5% | 113.404
|
| 2024 | Serial | 3.375% | 99.191
|
| 2024 | Serial | 5% | 112.533
|
| 2025 | Serial | 3.5% | 99.433
|
| 2025 | Serial | 5% | 111.669
|
| 2026 | Serial | 3.625% | 99.939
|
| 2026 | Serial | 5% | 110.984
|
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