Investor Presentation: General Obligation Bonds Consolidated Loan of 2020

8 $1.50 17% GO Debt Amortization is Conservative and Front Loaded (1) GO Debt by Tax Status(1 GO Variable Rate Debt: $1.7BN (7.2%) (2,3) LIBOR Bonds $507 million ■■Tax-Exempt ($20.0 billion) 23% 30% ■■Direct Purchases $469 million 2% VRDBS $275 million ■Taxable ($4.1 billion) 83% 17% ■ CPI Bonds $38 million 28% Multi-Modal $377 million (1) As of September 30, 2020 (2) $0.8 billion are synthetically fixed through interest rate swap agreements and $0.9 billion are unhedged variable rate bonds (3) As of September 30, 2020 The Commonwealth's GO Debt Service Profile ($Billion by Fiscal Year as of September 30, 2020) $2.50 26% of principal amortizes in 5 years $2.00 48% of principal amortizes in 10 years GO Debt Profile Key Statistics Maximum Annual Average Annual Debt Service Weighted Average Life of Debt Debt Service $2.16 billion $1.22 billion 11.6 Years $1.00 $0.50 $0.00 2021 2022 2023 2024 2025 2026 2027 Source: The Commonwealth Information Statement dated October 28, 2020 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 TENSIS

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