The Massachusetts Water Pollution Abatement Trust became the first state revolving fund in the country to sell its bonds through a combined offering of negotiated and competitive sale processes, according to Massachusetts Treasurer Steven Grossman’s office.

Massachusetts Water sold $371.4 million. The negotiated portion of the sale took place May 29 and 30. Retail investors purchased $81.3 million of bonds while institutional investors bought $173.2 million.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.