01.03.2024

The Commonwealth of Massachusetts has announced an upcoming sale of approximately $1.390 billion* of General Obligation Bonds and General Obligation Refunding Bonds, January 10-11th.

Preliminary Official Statement

 

Supplement as of January 8, 2024 to the Preliminary Official Statement dated January 3, 2024

 

Investor Presentation and Roadshow

 

Investor Presentation

Investor Roadshow (with Audio) | Investor Roadshow (Slides Only)

 

Ratings Reports

 

Moody's 

Fitch (PDF)

S&P (PDF)

 

$1.390 billion* Commonwealth of Massachusetts Bond Sale

About the Financing

Thank you for expressing interest in the Commonwealth of Massachusetts' upcoming financing, which is expected to be comprised of the following:
 

  • $850,000,000*
    General Obligation Bonds
    Consolidated Loan of 2024, Series A
     
  • $540,000,000*
    General Obligation Refunding Bonds
    2024 Series A

Timing and Sizing

Timing and size of the offering are preliminary and subject to change. The Consolidated Loan of 2024, Series A Bonds and 2024 Series A Refunding Bonds (collectively, the “Bonds”) are expected to be offered to individual investors during a retail order period on Wednesday, January 10th*. The Bonds will then be offered to institutional investors on Thursday, January 11th*. Individual Massachusetts investors will maintain a first priority on their orders only during the retail order period on Wednesday, January 10th* and may still place orders for any remaining Bonds on Thursday, January 11th*. For more information on the Bonds, please review the Preliminary Official Statement. This is not an offer to sell nor a solicitation of an offer to buy the Bonds. Bonds may only be purchased through a broker-dealer and in conjunction with the review of the Preliminary Official Statement.

*Preliminary and subject to change.

Syndicate

Joint Bookrunning Senior Managers

 

  • BofA Securities | (800) 937-0866
  • Siebert Williams Shank & Co., LLC | (800) 529-3133

 

Co-Senior Managers

 

  • Jefferies | (800) 567-8567
  • Wells Fargo Securities | (866) 287-3221

 

Co-Managers

 

  • Academy Securities, Inc. | (855) 212-3239
  • Barclays | (617) 330-5800
  • Fidelity | (800) 544-5372
  • Raymond James | (877) 295-9116