Upcoming Commonwealth General Obligation Bond Sale - June 2024*

The Commonwealth of Massachusetts has announced an upcoming sale of approximately $650 million* of General Obligation Bonds (Consolidated Loan of 2024, Series B) and $55.7 million* of General Obligation Refunding Bonds (2024 Series C), June 4th-5th.*

Preliminary Official Statement

 

• Preliminary Official Statement dated May 28, 2024 | Supplement dated June 4, 2024 to the Preliminary Official Statement

 

Information Statement and Information Statement Conference Call

 

• Information Statement dated May 9, 2024 | Supplement dated June 4, 2024 to the Information Statement dated May 9, 2024
• Information Statement Conference Call dated May 17, 2024

 

Investor Presentation

 

• Investor Presentation dated May 28, 2024

 

Ratings Reports

 

• Moody's (PDF)
• Fitch as of 5.30.24 (PDF) | Fitch (PDF)
• S&P (PDF)

 

About the Financing

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

• $650,000,000*
  The Commonwealth of Massachusetts
  General Obligation Bonds, Consolidated Loan of 2024, Series B
• $55,715,000*
  The Commonwealth of Massachusetts
  General Obligation Refunding Bonds, 2024 Series C

Timing

Timing and size of the offering are preliminary and subject to change. The Bonds are expected to be offered to individual investors during a retail order period on Tuesday June 4, 2024*. The Bonds will then be offered to institutional investors on Wednesday June 5, 2024*. Individual Massachusetts investors will maintain a first priority on their orders only during the retail order period on Tuesday June 4, 2024* and may still place orders for any remaining Bonds on Wednesday June 5, 2024*. 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 broker-dealer and in conjunction with the review of the Preliminary Official Statement.

*Preliminary and subject to change.

Syndicate

Bookrunning Senior Manager

 

• Morgan Stanley | (800) 544-5372

 

Co-Senior Managers

 

• J.P. Morgan | (855) 231-8873
• Loop Capital Markets | (212) 619-3045
   

Co-Managers

 

• BofA Securities | (800) 937-0866
• Bancroft Capital | (484) 546-8000
• Estrada Hinojosa & Company, Inc. | (800) 676-5352
• Fidelity Capital Markets | (800) 544-5372
• Oppenheimer | (800) 828-6726
• Piper Sandler & Co. | (800) 552-0614