Massachusetts Water Resources Authority plans $1.16 billion multi-modal bonds

By Cristal Cody

Springdale, Ark., May 21 - The Massachusetts Water Resources Authority plans to price $1.162 billion multi-modal bonds, according to preliminary official statements.

The sale includes $337.96 million series 2008A bonds due Aug. 1, 2037; $124.58 million series 2008B bonds due Aug. 1, 2031; $199.375 million series 2008C bonds due Nov. 1, 2026; $83.6 million series 2008D bonds due Aug. 1, 2011; $224.74 million series 2008E bonds due Aug. 1, 2037; and $191.69 million series 2008F bonds due Aug. 1, 2029.

The subordinated general revenue refunding bonds initially will price with a weekly rate.

Citigroup Global Markets will manage the negotiated sale of the series 2008A bonds.

Lehman Brothers will manage the series 2008B bonds; JPMorgan will manage the series 2008C and 2008D bonds; Morgan Stanley will manage the series 2008E bonds and Goldman, Sachs & Co. will manage the series 2008F bonds.

Proceeds will be used to refund the authority's outstanding subordinated bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.