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.
Can I sell the bond if I don’t want it anymore?
Bonds sold through Neighborly are book-entry bonds with registered CUSIPs, and therefore are tradeable in the secondary market in the same way as any other registered municipal security.
Can I transfer my bond to another brokerage account?
Absolutely, after the sale is completed, Neighborly can transfer bonds to a brokerage account at another institution.
Can I buy a bond on behalf of another person?
Yes, in fact, we like when people give bonds as gifts.
Is there an investment minimum or maximum?
The minimum investment is determined by the minimum denomination of the issuance. In the case of this financing, it is $1,000. For maximum, refer to Sales Condition under Project details tab.
What other risks should I be aware of when investing in bonds?
Please review the risks section of the Preliminary Official Statement for more information.