By Sheri Kasprzak
New York, Jan. 28 - The Commonwealth of Massachusetts priced $159,335,000 of series 2014 Sifma index general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa1/AA+/AA+) were sold competitively.
The offering included $75 million of series 2014A variable-rate bonds and $84,335,000 of series 2014B variable-rate bonds.
The 2014A bonds are due Feb. 1, 2015 and bear interest at the Sifma index rate plus 1 basis point priced at par.
The 2014B bonds are due Feb. 1, 2016 and bear interest at the Sifma index rate plus 22 bps priced at par.
Proceeds will be used to refund the commonwealth's series 2010A, 2011A and 2012A G.O. refunding bonds.
| Issuer: | Commonwealth of Massachusetts
|
| Issue: | Series 2014 Sifma index general obligation refunding bonds
|
| Amount: | $159,335,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
|
|
|
| $75 million series 2014A variable-rate bonds
|
| Maturity | Type | Coupon | Price
|
| Feb. 1, 2015 | Term | Sifma index plus 1 bps | 100
|
|
|
| $84,335,000 series 2014B variable-rate bonds
|
| Maturity | Type | Coupon | Price
|
| Feb. 1, 2016 | Term | Sifma index plus 22 bps | 100
|
|
|
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