TITLE

Massachusetts Selling $218 Million of Gas Tax Revenue Bonds This Week

AUTHOR(S)
O'Brien, Elizabeth
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/21/2004, Vol. 350 Issue 32034, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Massachusetts plans to up the activity of a quiet trading week with the sale of $218 million of special obligation gas tax revenue bonds. The deal includes a $200 million refunding component for bonds issued in various years, such as 1996, 1997 and 2002. Merrill Lynch & Co. is book-runner on the deal and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC will serve as bond counsel. The state started looking at a possible refunding last week, said deputy treasurer Jeffrey Stearns. Stearns said he anticipated at least 4 percent net present-value savings on the deal.
ACCESSION #
15458092

 

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