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 $5,000. 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 competitive issuance?
In a competitive issuance, a broker dealer will place a bid on bonds at the designated time and date as determined by the official notice of sale. The terms and structure of the issuance as well as the restrictions are presented prior to the sale. Typically, the bonds are awarded to the bidder offering the lowest interest cost to the issuer. Read more here.