City of Cambridge, Massachusetts
General Obligation Bonds, 2017 Series A
(Minibond Program) - SOLD OUT

City Of Cambridge

Invest in Cambridge's capital budget while earning tax-exempt income! Projects may include upgrades to schools, the water and energy systems, and renovations of City parks among others. See the summary below and read the Official Statement under "Documents" for full details.


Issuance characteristics
  • Tax exempt
  • Not callable
  • General Obligation
  • Negotiated sale

About this bond issuance

  • Purpose

    Minibond proceeds will support certain Cambridge capital projects including, but not limited to, school building renovations, municipal facility energy upgrades and the Complete Streets plan.

    This issuance page for the City of Cambridge, Massachusetts General Obligation Bonds, 2017 Series A (Minibond Program) contains certain information for quick reference only and is not a summary of the entire issue. Investors must read the entire Official Statement (located in the documents tab) to obtain the necessary information in order to make an informed decision on whether to invest in the Bonds.

  • Obligor

    City of Cambridge, Massachusetts

  • Issuer

    City of Cambridge, Massachusetts

  • Authority

    The Bonds are authorized for various municipal purposes under Chapter 44 of the Massachusetts General Laws as detailed in the POS. The 2017 A Bonds are authorized by vote of two-thirds of all members of the City Council.

  • Security

    The Bonds are valid general obligations of the City of Cambridge, and, to the extent not paid from other sources, the Bonds are payable from taxes which may be levied upon all taxable property within the territorial limits of the City, subject to the limit imposed by Chapter 59, Section 21C of the General Laws. For more information, including information on risks of investing in fixed-income securities, see the POS on the Documents tab, visit neighborly.com/faq or learn.neighborly.com.

    Paying Agent: U.S. Bank National Association, Boston, Massachusetts

  • Sale conditions

    Only Cambridge residents can invest in the bonds, up to a maximum amount of $20,000.

About the issuer

Contact information

Ratings

Issuance credit ratings

AAA

S&P

Aaa

Moody's

AAA

Fitch

Financing team

Neighborly Securities
Neighborly Securities is the sole lead manager on this issuance.
Municipal Advisors
FirstSouthwest, a Division of Hilltop Securities Inc.
Bond Counsel
Locke Lord LLP