By Sheri Kasprzak
New York, Dec. 20 - The Commonwealth of Massachusetts sold $400 million of series 2011E consolidated loan general obligation bonds, according to a pricing sheet.
The bonds (Aa1/AA+) were sold competitively with J.P. Morgan Securities LLC winning the bid.
The bonds are due 2015 to 2018 and 2021 to 2027 with 3% to 5% coupons.
Proceeds will be used to finance a portion of the commonwealth's capital plans.
| Issuer: | Commonwealth of Massachusetts
|
| Issuer: | Series 2011E consolidated loan general obligation bonds
|
| Amount: | $400 million
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities LLC (winner)
|
| Ratings: | Moody's: Aa1
|
| Fitch: AA+
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 28
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $30 million | 2015 | Serial | 5% | 116.28
|
| $30 million | 2016 | Serial | 5% | 119.921
|
| $30 million | 2017 | Serial | 5% | 122.632
|
| $30 million | 2018 | Serial | 5% | 124.801
|
| $40 million | 2021 | Serial | 4% | 117.528
|
| $40 million | 2022 | Serial | 4% | 117.288
|
| $40 million | 2023 | Serial | 3% | 104.286
|
| $40 million | 2024 | Serial | 3% | 102.592
|
| $40 million | 2025 | Serial | 3% | 100.908
|
| $40 million | 2026 | Serial | 3% | 99.402
|
| $40 million | 2027 | Serial | 3% | 98.008
|
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