Buy Massachusetts Bonds
It is my pleasure to welcome you back to the Buy Massachusetts Bonds website.This website is intended to enhance the outreach to Massachusetts citizens interested in learning more about participating and investing in the capital financing of the Commonwealth.
Our first opportunity to use the website for the September 2008 sale was a tremendous success. We sold approximately $320 million in bonds to individual investors, most of whom wereMassachusetts residents, averaging about $50 million in bonds sold per hour of the retail order period. That represented about 50% of the total bond sale, and helped the Commonwealth lower its borrowing costs to institutional investors. The participation in the September 2008 sale of individual investors was by far the largest in the Commonwealth history, and we are pleased to offer Commonwealth bonds again to individuals before large investors.
The sale of bonds to investors, including large Wall Street banks, mutual funds, or individual retail investors, is the process through which our state borrows money to make critical investments in public infrastructure throughout the Commonwealth. These investments include roads and bridge repairs, upgrades and expansions to our public college and university campuses, environmental improvements, affordable housing and economic development, and enhancements to state office buildings and facilities. On BuyMassachusettsBonds.com, you will learn more about Massachusetts bonds and how to become an investor. By investing, you will contribute to the critically important task of upgrading our public infrastructure, to enable better government service, and help meet the challenges of an ever-changing economy.
Based on the current schedule of legislative authorization for borrowings, we expect to issue roughly $1.5 billion to $2 billion in Massachusetts General Obligation or Special Obligation bonds per year over the next five years.
I encourage you to visit us again as the website will be updated regularly as we prepare for upcoming bond sales.
Sincerely, Timothy P. Cahill State Treasurer & Receiver General | |