Subordinated Dedicated Sales Tax Bonds, 2025 Series A (Social Bonds) and Subordinated Dedicated Sales Tax Refunding Bonds, 2025 Series B (Social Bonds)*
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Subordinated Dedicated Sales Tax Bonds, 2025 Series A (Social Bonds) and Subordinated Dedicated Sales Tax Refunding Bonds, 2025 Series B (Social Bonds)*
Offering Summary
Subordinated Dedicated Sales Tax Bonds, 2025 Series A (Social Bonds)
- Par Amount
- $500,000,000
- Tax Status
- Tax-Exempt
- Sale Date
- 09/04/2025
- Sector
- State / Province
- State
- Massachusetts
- Method of Sale
- Negotiated
- Closing Date
- 09/18/2025
- Retail Order Period Begins
- 09/03/2025
- Call Features
- Optional Redemption 10 Year Par Call*
Subordinated Dedicated Sales Tax Refunding Bonds, 2025 Series B (Social Bonds)*
- Par Amount
- $1,494,645,000
- Tax Status
- Tax-Exempt
- Sale Date
- 09/04/2025
- Sector
- State / Province
- State
- Massachusetts
- Method of Sale
- Negotiated
- Closing Date
- 09/18/2025
- Retail Order Period Begins
- 09/03/2025
- Call Features
- Optional Redemption 10 Year Par Call*
Additional Information
*Preliminary and subject to change
The 25A&B include or could potentially coincide with new money, current refunding, tender offer, and cash defeasance.
Ratings
Bond Offering Ratings
Offering Participants
Bookrunner and Deal Manager
BofA Securities, Inc.
Co-Manager
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Selling Group
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Municipal Advisor
Omnicap Group
Trustee
BNY Mellon Capital Markets, LLC
Bond Counsel
Mintz
Disclosure Counsel
Greenberg Traurig, LLP
Underwriter and Deal Manager’s Counsel
Troutman Pepper Locke LLP
General Offering Information
The following firms have been approved and qualified by the Massachusetts School Building Authority to provide professional services for bond sales or its borrowing programs. Each firm was selected via a competitive Request for Responses (RFR).
Underwriters
B of A Securities
Barclays
Goldman Sachs
J.P. Morgan Securities
Jefferies
Loop Capital Markets
Morgan Stanley
RBC Capital Markets
Samuel A. Ramirez
Siebert, Williams Shank
Stifel, Nicolaus & Company
Wells Fargo
Financial Advisors
Omnicap
PFM
Bond Counsel
Mintz
Disclosure Counsel
Greenberg Traurig