Massachusetts Water Pollution Abatement Trust to sell $498 million revolving fund bonds Tuesday

By Sheri Kasprzak

New York, June 25 - The Massachusetts Water Pollution Abatement Trust is expected to price $498 million in series 2010 state revolving fund bonds on Tuesday, according to a sales calendar.

The bonds (Aaa/AAA/AA) will be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager.

The deal is comprised of tax-exempt and Build America Bonds, but the exact breakdown could not be determined Friday afternoon. The tax-exempt bonds are due 2014 to 2026. The BABs are due 2018 to 2040.

Proceeds will be used to fund loans for water and wastewater capital projects for 85 governmental units. A portion of the proceeds will also be used to refund the trust's outstanding stand-alone program bonds.

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