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Commonwealth Transportation Fund and Federal Highway Grant Anticipation Notes Sale Scheduled for Wednesday, September 28 - Thursday, September 29

 

Thank you for visiting the Buy Massachusetts Bonds website and expressing interest in investing in Commonwealth special obligation bonds.  The State Treasurer’s Office is preparing for a $430 million* sale of its Commonwealth Transportation Fund (“CTF”) 2016 Series A and 2016 CTF Refunding Series A Bonds on Wednesday, September 28 and Thursday, September 29.  The Commonwealth will also be concurrently issuing $127* million of its Federal Highway Grant Anticipation Notes (“GANs”) 2016 Series A.  Please note that the timing and size of the Bonds are still preliminary and subject to change.
The Bonds are expected to be offered to individual investors only during an early order period beginning on Wednesday and then will be opened to institutional investors on Thursday.  Please note that individual Massachusetts investors will maintain a first priority on their orders during Wednesday’s sale and may still place orders for any remaining bonds during Thursday’s sale.   
For more information on these these bonds and notes, please view the preliminary official statement for the CTF bonds here and for the GANs here.  The bonds are only available for purchase through a broker/dealer.  A listing of participating firms is below.  Please note that you may view the Commonwealth's full Financing Team by clicking on the green link on the right side of this page.

 

View CTF Preliminary Official Statement

View GANs Preliminary Official Statement

View the Investor Slides

View the Moody's and S&P Rating Reports

 

Senior Managers

Morgan Stanley, BookRunning Senior

JP Morgan, Co-Lead

(877) 937-6739 (855) 231-8873
 

Co-Senior Managers

Bank of America Merrill Lynch

Citigroup

(800) 937-0866 (855) 644-7252
 

Co-Managers

Mesirow Financial Inc.
Ramirez & Co.
Raymond James                                      
(800) 453-0600 (855) 289-2663 (877) 295-9116                                      
     
Rice Financial Products Co.
Siebert Cisneros Shank & Co.
Stifel                                    
(888) 740-7423 (800) 334-6800 (800) 679-5446