Massachusetts Readies $350M Variable-Rate Deal

Scarchilli, Michael
February 2006
Bond Buyer;2/27/2006, Vol. 355 Issue 32327, p28
Trade Publication
The article reports on the sale of 350 million dollar of variable-rate demand obligation bonds by Massachusetts. The proceeds will be used to finance general capital needs. The floating-rate deal will be managed by Lehman Brothers. The deal will carry liquidity from Dexia Bank and Bank of America but will not carry insurance or employ financial adviser.


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