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
|
| Amount: | $350 million
|
| Maturity: | Dec. 1, 2021
|
| Coupon: | 4.2%
|
| Price: | 101.944
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Fitch: AA+
|
| Pricing date: | Nov. 23
|
| Settlement date: | Dec. 1
|
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