City of Cambridge, Massachusetts,
General Obligation Refunding Bonds,
2017 Series C

City Of Cambridge

The Bond proceeds will be used to advance refund a portion of the City's General Obligation Bonds Municipal Purpose Loan of 2009. Please see below and review the official statement for more details. All offerings below are subject to availability and price changes.


Issuance characteristics
  • Refunding
  • Not callable
  • Federally tax exempt
  • General Obligation
  • Competitive sale

About this bond issuance

  • Purpose

    The Bond proceeds will be used (a) to advance refund a portion of the City's $47,385,000 General Obligation Bonds Municipal Purpose Loan of 2009, dated March 15, 2009 maturing on March 15 in years 2020 through 2029, inclusive, in the aggregate principal amount of $20,275,000* on March 15, 2019 and (b) to pay costs of issuing the Bonds.

  • Obligor

    City of Cambridge, Massachusetts

  • Issuer

    City of Cambridge, Massachusetts

  • Authority

    The Bonds are being issued for refunding purposes pursuant to Chapter 44, Section 21A of the Massachusetts General Laws as detailed herein.

  • 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.

  • Trustee

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

About the issuer

Contact information
Website

Ratings

Issuance credit ratings

AAA

S&P

Aaa

Moody's

AAA

Fitch

Financing team

Municipal Advisors
Government Finance Group & FirstSouthwest, a Division of Hilltop Securities Inc.
Bond Counsel
Locke Lord LLP