Can I sell the bonds if I don’t want them anymore?
Yes, 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. Read more here.
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. Fees may apply. Read more here.
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. If there is a 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.
What is a negotiated issuance?
In a negotiated issuance, a broker dealer, issuer and municipal advisor to the issuer will agree to structure, terms and pricing on a transaction prior to the time of sale. Typically, there is an order period (sometimes more than one!) in which investors can express interest in the issuance. After the order period is completed, bonds will be allocated to those who have expressed interest by placing an order on a case-by-case basis.