New Issue: Massachusetts Clean Water prices $211.44 million revolving fund bonds

By Sheri Kasprzak

New York, Jan. 27 – The Massachusetts Clean Water Trust sold $211,435,000 of series 19 state revolving fund green bonds, according to a term sheet.

The bonds (Aaa/AAA/AAA) were offered competitively.

The bonds are due 2017 to 2040 with a term bond due in 2046. The serial coupons range from 4% to 5% with yields from 0.41% to 3.06%. The 2046 bonds have a 4% coupon priced at 106.783 to yield 3.2%.

Proceeds will be used to finance or refinance the costs of wastewater and drinking water projects for governmental units and other eligible borrowers.

Issuer:	Massachusetts Clean Water Trust
Issue:	Series 19 state revolving fund green bonds
Amount:	$211,435,000
Type:	Competitive
Ratings:	Moody’s: Aaa
	Standard & Poor’s: AAA
	Fitch: AAA
Pricing date:	Jan. 27
Settlement date:	Feb. 11
Maturity	Type	Coupon	Price	Yield
2017	Serial	5%	104.448	0.41%
2018	Serial	5%	108.448	0.68%
2019	Serial	5%	112.28	0.81%
2020	Serial	5%	115.793	0.94%
2021	Serial	5%	119.087	1.05%
2022	Serial	5%	121.965	1.18%
2023	Serial	5%	124.284	1.34%
2024	Serial	5%	126.206	1.50%
2025	Serial	5%	127.926	1.64%
2026	Serial	5%	129.62	1.75%
2027	Serial	5%	128.564	1.85%
2028	Serial	5%	127.727	1.93%
2029	Serial	5%	126.792	2.02%
2030	Serial	5%	125.866	2.11%
2031	Serial	5%	125.049	2.19%
2032	Serial	4%	111.298	2.70%
2033	Serial	4%	110.836	2.75%
2034	Serial	4%	110.377	2.80%
2035	Serial	4%	109.92	2.85%
2036	Serial	4%	109.465	2.90%
2037	Serial	4%	109.375	2.91%
2038	Serial	4%	108.923	2.96%
2039	Serial	4%	108.473	3.01%
2040	Serial	4%	108.025	3.06%
2046	Term	4%	106.783	3.20%

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