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Published on 11/23/2010 in the Prospect News Municipals Daily.

New Issue: Massachusetts sells $350 million 4.2% taxable bonds

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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