TITLE

Massachusetts Water Pollution Abatement Trust to Sell $350M for Loan Pool

AUTHOR(S)
O'Brien, Elizabeth
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/20/2004, Vol. 350 Issue 31993, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Massachusetts Water Pollution Abatement Trust (Company) plans to issue about $350 million of pool program bonds. Lead underwriter J.P. Morgan Securities Inc. is expected to price the deal. The trust is its own issuer with a credit separate from that of the Commonwealth of Massachusetts. The Massachusetts Water Pollution Abatement Trust's debt service reserve fund maintains a balance of one-third to one-half the principal of its outstanding loans. Deals issued by the trust are "broadly attractive" to both retail and institutional investors, units in Massachusetts.
ACCESSION #
14779398

 

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