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Published on 6/22/2010 in the Prospect News Municipals Daily.

New Issue: Massachusetts prices $250.45 million G.O. bonds due 2011 to 2020

By Sheri Kasprzak

New York, June 22 - The Commonwealth of Massachusetts sold $250.45 million in series 2010B consolidated general obligation bonds on Tuesday, according to a pricing sheet.

The bonds were sold through lead manager Bank of America Merrill Lynch.

The co-managers were Citigroup Global Markets Inc.; Fidelity Capital Markets Services Inc.; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc.; BB&T Capital Markets Inc.; Barclays Capital Inc.; Cabrera Capital Markets Inc.; Eastern Bank Capital Markets Inc.; Edward Jones & Co.; Goldman, Sachs & Co.; Jackson Securities Inc.; Janney Montgomery Scott LLC; Jefferies & Co.; KeyBanc Capital Markets LLC; Loop Capital Markets LLC; Morgan Keegan & Co. Inc.; M.R. Beal & Co. Inc.; Oppenheimer & Co. Inc.; Piper Jaffray & Co.; Prager, Sealy & Co.; Ramirez & Co. Inc.; RBC Capital Markets Corp.; Raymond James & Associates Inc.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; and Stone & Youngberg.

The bonds are due 2011 to 2020 with coupons from 2% to 5%.

Proceeds will be used to finance capital projects.

Issuer:Commonwealth of Massachusetts
Issue:Series 2010B consolidated general obligation bonds
Amount:$250.45 million
Type:Negotiated
Underwriters:Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc.; Fidelity Capital Markets Services Inc.; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc.; BB&T Capital Markets Inc.; Barclays Capital Inc.; Cabrera Capital Markets Inc.; Eastern Bank Capital Markets Inc.; Edward Jones & Co.; Goldman, Sachs & Co.; Jackson Securities Inc.; Janney Montgomery Scott LLC; Jefferies & Co.; KeyBanc Capital Markets LLC; Loop Capital Markets LLC; Morgan Keegan & Co. Inc.; M.R. Beal & Co. Inc.; Oppenheimer & Co. Inc.; Piper Jaffray & Co.; Prager, Sealy & Co.; Ramirez & Co. Inc.; RBC Capital Markets Corp.; Raymond James & Associates Inc.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; and Stone & Youngberg (co-managers)
Pricing date:June 22
Settlement date:June 29
MaturityTypeCouponPrice
2011Serial2%101.485
2012Serial2%102.342
2012Serial4%106.15
2013Serial2%102.435
2013Serial4%108.166
2014Serial2%101.858
2014Serial3%105.652
2014Serial4%109.447
2015Serial2%100.654
2015Serial3%105.337
2015Serial4%110.02
2016Serial2.5%101.045
2016Serial4%109.302
2017Serial3%102.39
2017Serial5%114.975
2018Serial3%100.984
2018Serial4%108.028
2018Serial5%115.071
2019Serial3.25%101.393
2019Serial5%114.96
2020Serial3.25%100.251
2020Serial5%115.013

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