Today, S&P Global Ratings revised the outlook to positive from stable on the Commonwealth of Massachusetts' general obligation (GO) bonds as well as on various other bonds secured by annual appropriations from the Commonwealth. Read the full report here.
News
Massachusetts Department of Revenue (DOR) Commissioner Geoffrey Snyder today announced that preliminary revenue collections for September totaled $4.187 billion, $194 million or 4.9% more than the actual collections in September 2021, and $224 million or 5.7% more than benchmark.
Find the full revenue numbers on the Department of Revenue's website.
The call is scheduled to take place Friday, October 14th at 11:00 AM EST and will reflect the Commonwealth's most current Information Statement which has been posted to EMMA (https://emma.msrb.org/P21613893-P21243633-P21667847.pdf) and also on our website under Investor Disclosure Documents.
REGISTRATION IS NOW CLOSED
Please find the Information Statement dated September 21, 2022 available here.
The Commonwealth is preparing to sell $1.2 billion of tax-exempt General Obligation bonds which will include both new money and refunding issuances. The deal is expected to sell the week of October 17th and Morgan Stanley is the lead underwriter.
View the ratings reports here.
View the POS here.
The Debt Management Department of the Office of the Treasurer has posted a Request for Statement of Qualifications for Financial Advisory services.
You can access the RFQ through the COMMBUYS site or here: BD-23-1108-TREAN-ANF00-79273
Massachusetts Department of Revenue (DOR) Commissioner Geoffrey Snyder today announced that preliminary revenue collections for August totaled $2.601 billion, $108 million or 4.3% more than the actual collections in August 2021. August 2022 revenue collections were impacted by the elective pass-through entity (PTE) excise.
Find the full revenue numbers on the Department of Revenue's website.
The Commonwealth of Massachusetts $1,996,515,000 Special Obligation Revenue Bonds (Unemployment Insurance Trust Fund) 2022 Series A (Federally Taxable) (Social Bonds), $684,465,000 Special Obligation Revenue Bonds (Unemployment Insurance Trust Fund) 2022 Series B (Federally Taxable) (Social Bonds) Official Statement is now available on EMMA.
BOSTON - Culminating a two-year, multi-agency effort to stabilize the Commonwealth’s Unemployment Trust Fund, the Commonwealth sold the largest Environmental, Social and Governance (ESG) municipal bond financing to date this week with its $2.6 billion special obligation bond transaction.