Massachusetts Water Resources to sell $253.09 million revenue bonds

By Sheri Kasprzak

New York, April 22 - The Massachusetts Water Resources Authority is expected to bring to market $253.085 million in series 2010 general revenue bonds, according to a preliminary official statement.

The offering includes $100 million in series 2010A bonds and $153.085 million in series 2010B revenue refunding bonds.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. as the lead manager. The co-managers are Barclays Capital Inc.; Bank of America Merrill Lynch; J.P. Morgan Securities Inc.; Jefferies & Co.; Fidelity Capital Markets LLC; Goldman Sachs & Co.; Janney Montgomery Scott LLC; Morgan Stanley & Co. Inc.; and Ramirez & Co. Inc.

The 2010A bonds are due 2015 to 2030 with term bonds due 2035 and 2040.

The 2010B bonds are due 2014 to 2030.

Proceeds will be used to refund existing debt, as well as to fund upcoming construction projects.

The authority, located in Boston, constructs and maintains water and sewage treatment facilities.

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