The Massachusetts Clean Water Trust is preparing for the negotiated sale of State Revolving Fund Bonds, Series 26A (Green Bonds) and Series 26B (Sustainability Bonds), and State Revolving Fund Refunding Bonds, Series 2025 (Green Bonds) on January 22nd and January 23rd.
About the Financing
- $261,770,000*
State Revolving Fund Bonds
Series 26A (Green Bonds) - $146,610,000*
State Revolving Fund Bonds
Series 26B (Sustainability Bonds) - $132,775,000*
State Revolving Fund Refunding Bonds
Series 2025 (Green Bonds)
- Tax Status
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- Federal and Massachusetts State Income Tax-Exempt
- Preliminary Official Statement
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- Investor Presentation
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- Ratings Reports
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Timing
Timing and size of the offering are preliminary and subject to change. The Series 26A Bonds, Series 26B Bonds, and Series 2025 Bonds (collectively, known as the “Bonds”) are expected to be offered to individual investors during a retail order period on Wednesday, January 22, 2025*. The Bonds will then be offered to institutional investors on Thursday, January 23, 2025*. Individual Massachusetts investors will maintain a first priority on their orders only during the retail order period on Wednesday, January 22, 2025* and may still place orders for any remaining Bonds on Thursday, January 23, 2025*. 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. The 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
- Book-running Senior Manager
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- Jefferies | (800) 567-8567
- Co-Senior Managers
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- J.P. Morgan | (855) 231-8873
- Loop Capital Markets | (212) 619-3045
- Co-Managers
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- BNY Mellon Capital Markets LLC | (412) 234-403
- Fidelity Capital Markets | (800) 544-5372
- Oppenheimer & Co. Inc. | (800) 828-6726
- Co-Financial Advisors
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- PFM Financial Advisors LLC
- Masterson Advisors LLC