Massachusetts Sells $525 Million in GO Bonds: Muni Deals
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Massachusetts plans to sell $525 million of general-obligation bonds for a capital plan that includes an extension of Boston’s Green Line train and an overhaul of the city’s South Station rail hub.
Proceeds will go toward Democratic Governor Deval Patrick’s five-year, $11 billion spending plan introduced this month. The state is rated one level below the top grade by Moody’s Investors Service and Standard & Poor’s.