Massachusetts Bay Transportation Authority Senior Sales Tax Bonds, Series 2023 Subseries A-1 & A-2
Estrada Hinojosa participated in a $617.665 million Massachusetts Bay Transportation Authority Senior Sales Tax Bonds, Series 2023 Subseries A-1 & A-2 issue on March 15, 2023 as co-managing Underwriter. The Bonds are being issued to provide money to fund a portion of the CIP, including repaying a portion of the outstanding Commercial Paper Notes, and funding the Senior Debt Service Reserve Fund. Estrada Hinojosa submitted $36,000.000 in orders, which exceeded our 5% liability, and was able to help lower yields in various maturities by one to ten basis points.
The subseries A-2 bonds are considered “Sustainability Bonds” and which allows investors to invest directly in obligations that finance socially & environmentally beneficial and sustainable projects.