The State Treasurer\u2019s Office announced today that the Commonwealth and the Massachusetts Clean Water Trust have successfully completed the sale of more than $1 billion in a mix of new money, green, and refunding bonds.\n\nBoth transactions saw strong retail investor demand. The Massachusetts Clean Water Trust\u2019s original two-day order period was accelerated, and all bonds were sold on the first day. Receiving significantly more orders than available bonds, the Trust adjusted its final pricing, which resulted in lowered borrowing costs for the Trust.\n\nAdditionally, the Massachusetts Clean Water Trust\u2019s refunding of just under $100 million will generate budgetary savings of nearly $8 million.\u00a0These savings will allow the Trust to invest in additional water infrastructure projects around the Commonwealth. Separately, the Commonwealth\u2019s refunding of approximately $270 million is expected to generate $22 million in debt service savings for taxpayers.\n\nThe Commonwealth\u2019s transaction marks the fourth time it has issued green bonds since it became the nation\u2019s first issuer of municipal green bonds in 2013. This transaction also marks the third time the Massachusetts Clean Water Trust has issued Green bonds.\n\nThe Trust\u2019s deal was led by Bank of America Merrill Lynch, while the Commonwealth\u2019s transaction was led by Citi Bank.