The Commonwealth of Massachusetts is expected to come to market with $250 million1 in General Obligation Bonds, 2015 Series C, and $689 million1 in General Obligation Refunding Bonds, 2015 Series A. The proceeds from the 2015 Series C Bonds will be used to finance or reimburse the Commonwealth for a variety of projects included in the Commonwealth's Five Year Capital Investment Plan. The proceeds from the 2015 Series A Bonds will be used to refund certain bonds outstanding and pay costs of issuance.
The Bonds are general obligations of the Commonwealth to which its full faith and credit will be pledged for the payment of principal and interest when due.
For information regarding the statutory limit on state tax revenue growth, please see the Preliminary Official Statement (PDF).
The bond sale offers several attractive benefits for individual investors who are residents of Massachusetts, including federal- and state-level tax-exemption on the bonds, prices, and yields that match those available to institutional investors, and the potential for stable income. The most current pricing and credit information can be found on our New Issue PageLog In Required.
How to place an order
The transaction is expected to price the week of June 221 and individual investors can place their orders onlineLog In Required or by calling a Fidelity representative at 800-460-5848. Please note that the transaction's timeline may be subject to change due market conditions, the discretion of the issuer, or allocation of the bonds.
You can easily stay up to date on the offering by signing up for Fidelity alerts. We'll notify you of any changes in timeline, pricing, and more.