10th Annual Massachusetts Investor Conference
Financing Update
Since the last investor call in January, the Commonwealth sold two General Obligation series totaling $650 million and two
negotiated series of Commonwealth Transportation bonds totaling $350 million. In addition, we sold two series bonds for the
Unemployment Insurance Trust Fund for a total par amount of $2.7 billion in August.
Financings since last Investor Call
>
Upcoming Financings
Series
Par
Amount
Sale Date
Award/Senior
Manager
Maturity
Range
Average
Life (yrs)
All-in-
TIC
Timing
Par
Amount
Туре
Credit
Method of
Sale
GO Series A
$300 MM
2/1/2022
Citigroup
2028-2038
11.4
2.07%
Week of
Oct 17,
2022
$1,200
MM
New
Money/
Refunding
GO
Negotiated
GO Series B
$350 MM
2/1/2022
Wells Fargo
2039-2048
21.4
2.93%
New
Decemb
er 2022
$900
MM
Money/
Refunding
GO
Negotiated
CTF Series A
(Sustainability)
$250 MM 6/22/2022 Wells Fargo
2022-2050
26.6
4.48%
1st
Quarter
2023
$750
MM
New Money
GO
TBD
CTF Series B
$100 MM 6/22/2022
Wells Fargo
2022-2052
29.4
4.47%
2nd
Quarter
2023
$900
MM
New Money
GO
TBD
Unemployment
Insurance Trust
Fund Series A
(Sustainability)
$1,996 MM 8/16/2022
Jefferies
2023-2031
3.6
3.87%
2nd
Quarter
2023
$350
MM
New Money
CTF
TBD
Unemployment
Insurance Trust
Fund Series B
(Super Sinker)
$684 MM 8/16/2022 Jefferies
2023-2031
8.9
4.17%
21
SIGILLUMView entire presentation