09.16.2024

The Commonwealth of Massachusetts has announced an upcoming sale of approximately $490,700,000 * of Commonwealth Transportation Fund Revenue Bonds and Commonwealth Transportation Fund Revenue Refunding Bonds on October 1-2, 2024.*

About the Financing

Thank you for expressing interest in the Commonwealth of Massachusetts' upcoming financing, which is expected to be comprised of the following:

  • $150,000,000*
    Commonwealth Transportation Fund Revenue Bonds (Rail Enhancement Program)
    2024 Series A
  • $125,000,000*
    Commonwealth Transportation Fund Revenue Bonds (Rail Enhancement Program)
    2024 Series B (Sustainability Bonds)
  • $215,700,000*
    Commonwealth Transportation Fund Revenue Refunding Bonds
    2024 Series A

Green and Blue Banner with Commonwealth of Massachusetts Seal

Preliminary Official Statement

 

$150,000,000* Commonwealth Transportation Fund Revenue Bonds (Rail Enhancement Program) 2024 Series A, $125,000,000* Commonwealth Transportation Fund Revenue Bonds (Rail Enhancement Program) 2024 Series B (Sustainability Bonds), $215,700,000* Commonwealth Transportation Fund Revenue Refunding Bonds 2024 Series A

 

Supplement to the Information Statement

 

 

Investor Call and Investor Presentation

 

Investor Presentation

 

Ratings Reports

 

 

Timing

Timing and size of the offering are preliminary and subject to change. The CTF Bonds are expected to be offered to individual investors during a retail order period on Tuesday, October 1, 2024*. The CTF Bonds will then be offered to institutional investors on Wednesday, October 2, 2024*. Individual Massachusetts investors will maintain a first priority on their orders only during the retail order period on Tuesday, October 1, 2024* and may still place orders for any remaining CTF Bonds on Wednesday, October 2, 2024*. For more information on the CTF Bonds, please review the Preliminary Official Statement. This is not an offer to sell nor a solicitation of an offer to buy the CTF Bonds. The CTF Bonds may only be purchased through a broker-dealer and in conjunction with the review of the Preliminary Official Statement.

*Preliminary and subject to change.

Syndicate

Bookrunning Senior Manager

 

  • BofA Securities | (800) 937-0866

 

Co-Senior Managers

 

  • Jefferies | (800) 567-8567
  • Wells Fargo Securities | (866) 287-3221

 

Co-Managers

 

  • Academy Securities | (855) 212-3239
  • Fidelity | (800) 544-5372
  • RBC | (617) 725-2000
  • Siebert Williams Shank | (800) 529-3133