The Commonwealth of Massachusetts is preparing for the negotiated sale of approximately $1.02 billion* of General Obligation Bonds Consolidated Loan of 2025, Series G and General Obligation Refunding Bonds, 2025 Series B, December 2-3, 2025*
About the Financing
Thank you for expressing interest in the Commonwealth of Massachusetts’ upcoming financing, which is expected to be comprised of the following:
- $750,000,000*
General Obligation Bonds
Consolidated Loan of 2025, Series G - $268,585,000*
General Obligation Refunding Bonds
2025 Series B
Transaction Details
- Preliminary Official Statement
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Preliminary Official Statement
- Information Statement
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Information Statement dated November 4, 2025, corrected November 20, 2025
- 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 Bonds are expected to be offered to individual investors during a retail order period on Tuesday, December 2, 2025*. The Bonds will then be offered to institutional investors on Wednesday, December 3, 2025*. Individual Massachusetts investors will maintain a first priority on their orders only during the retail order period on Tuesday, December 2, 2025* and may still place orders for any remaining Bonds on Wednesday, December 3, 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. Bonds may only be purchased through a broker-dealer and through an Official Statement.
*Preliminary and subject to change.
Syndicate
- Bookrunning Senior Manager
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- BofA Securities | (800) 937-0866
- Co-Senior Managers
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- Goldman Sachs & Co. LLC | (917) 343-7900
- J.P. Morgan | (855) 231-8873
- Co-Managers
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- Academy Securities, Inc. | (855) 212-3239
- Fidelity Capital Markets | (800) 544-5372
- Janney Montgomery Scott | (888) 567-2931
- Mischler Financial Group, Inc. | (866) 287-3221