By Sheri Kasprzak
New York, Nov. 23 - The Commonwealth of Massachusetts on Tuesday sold $350 million of series 2010E Build America Bonds, according to a pricing sheet.
The bonds (Aa1/AA/AA+) were sold competitively, but calls to the issuer for the winning bidder were not immediately returned.
The bonds are due Dec. 1, 2021 and have a 4.2% coupon priced at 101.944.
Proceeds will be used to finance a portion of the commonwealth's capital plan.
Issuer: | Commonwealth of Massachusetts
|
Issue: | Series 2010E Build America Bonds
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Amount: | $350 million
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Maturity: | Dec. 1, 2021
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Coupon: | 4.2%
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Price: | 101.944
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Type: | Competitive
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Ratings: | Moody's: Aa1
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| Standard & Poor's: AA
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| Fitch: AA+
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Pricing date: | Nov. 23
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Settlement date: | Dec. 1
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