06.30.2022

The Commonwealth of Massachusetts is preparing to issue $2.7 billion* in Special Obligation Revenue Bonds (Unemployment Insurance Trust Fund) 2022 Series A (Federally Taxable) (Social Bonds) and 2022 Series B (Federally Taxable) (Social Bonds).

Unemployment Insurance Trust Fund Bond Sale Header
Preliminary Official Statement

 

Preliminary Official Statement

 

Investor Presentation

 

Investor Roadshow

 

Ratings Reports

 

Moody's (PDF) | Moody's Credit Opinion (PDF)

Fitch (PDF)

Kroll (PDF)

 

About the Financing

Thank you for expressing interest in the Commonwealth’s upcoming financing, which is expected to comprise the following:

$2,700,000,000* 
The Commonwealth of Massachusetts

  • $1,977,735,000*
    Special Obligation Revenue Bonds
    (Unemployment Insurance Trust Fund)
    2022 Series A (Federally Taxable)
    (Social Bonds)
  • $722,265,000*
    Special Obligation Revenue Bonds
    (Unemployment Insurance Trust Fund)
    2022 Series B (Federally Taxable)
    (Social Bonds)

Timing and size of the offering are preliminary and subject to change. The 2022 Series A and 2022 Series B Bonds (the “Bonds”) are expected to be offered to individual and institutional investors in August 2022*. 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 registered broker and in conjunction with the review of the Preliminary Official Statement.  

*Preliminary and subject to change.

Syndicate

Senior Managers

 

  • Jefferies | (800)567-8567
  • BofA Securities | (800)937-0866

 

Co-Managers

 

  • Academy Securities | (855)212-3239
  • Estrada Hinojosa | (800)676-5352
  • Loop Capital Markets | (212)619-3045 
  • Mischler Financial Group, Inc.  | (800)820-0640
  • Oppenheimer & Co. | (800)828-6726
  • Ramirez & Co., Inc. | (800) 888-4086
  • Raymond James | (877)295-9116 
  • Siebert Williams Shank & Co., LLC | (800)529-3133
  • Stifel Nicolaus | (800)679-5446
  • UBS | (800) 225-2385

 

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