Massachusetts coordinates $441.62 million of general obligation bonds

By Sheri Kasprzak

New York, June 23 – The Commonwealth of Massachusetts is set to price $441,615,000 of series 2016B general obligation refunding bonds, according to a preliminary official statement.

The bonds (Aa1//AA+) will be sold through senior manager BofA Merrill Lynch. The co-managers are Jefferies & Co., Ramirez & Co. Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Siebert Brandford Shank & Co. LLC, Fidelity Capital Markets LLC, Janney Montgomery Scott LLC and The Williams Capital Group LP.

The bonds are due 2017 to 2038.

Proceeds will be used to refund the state’s series 2006D, 2007C, 2008A, 2009A-C and 2011A G.O. bonds.

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