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Massachusetts Clean Water Trust plans $162.39 million of green bonds
By Susanna Moon
Chicago, Aug. 28 – The Massachusetts Clean Water Trust plans to price $162,385,000 of series 21 state revolving fund green bonds.
The green bonds were to be offered to individual investors during the retail order period on Aug. 24 and Aug. 27 and then to institutional investors on Aug. 28, according to a preliminary statement.
Proceeds will be used to finance or refinance wastewater and drinking water projects.
The green bonds are due 2019 to 2038.
The senior manager is Citigroup; the co-senior managers are Bank of America Merrill Lynch and Ramirez & Co.; the co-managers are Drexel Hamilton LLC, Fidelity Capital Markets, Goldman, Sachs & Co., J.P. Morgan Securities, LLC, Loop Capital Markets and RBC Capital Markets.
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