State Treasurer Tim Cahill Announces Note Sale September 15th

September 14, 2009 – State Treasurer Tim Cahill’s Office today announced the sale of revenue anticipation notes for Tuesday, September 15, 2009. The sale of the notes, also known as "RANs", is the Commonwealth’s annual fixed-rate note borrowing for cash flow purposes. Note proceeds will be used to augment the state’s cash flow position through the end of Fiscal 2010.

The RANs will be sold as three separate series via competitive auction. The RANs are general obligations of the Commonwealth, with repayments scheduled for April, May, and June, respectively.

The RANs have received the highest short-term ratings from all three major rating agencies: Fitch Ratings, Moody’s Investor Services, and Standard & Poor’s.

For more information on the RANs sale, including downloadable copies of the Preliminary Official Statement and the Notice of Sale, please go to www.mass.gov/treasury/debt.

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