General Obligation Bonds 2007
City of Boston, Massachusetts
$100,000,000 General Obligation Bonds
2007 Series A
$85,425,000 General Obligation Bonds
2007 Series B
On March 7, 2007, the City of Boston sold its $100,000,000 General Obligation Bonds, 2007 Series A (the "2007 Series A Bonds") and its $85,425,000 General Obligation Bonds, 2007 Series B (the "2007 Series B Bonds," and together with the Series A Bonds, the "Bonds") by competitive sale.
The City accepted all bids electronically. The City received ten bids for the 2007 Series A Bonds. The lowest true interest cost (TIC) offered for the 2007 Series A Bonds, bid by Morgan Stanley & Co. Inc., equaled 3.984390%. The City received six bids for the 2007 Series B Bonds. The lowest TIC offered for the 2007 Series B Bonds, bid by Goldman, Sachs & Co., equaled 4.036517%.The Bonds were rated AA by FitchRatings, Aa1 by Moody's Investors Service Inc., and AA+ by Standard and Poor's Rating Services.
A copy of the Official Statement for the City of Boston, Massachusetts $100,000,000 General Obligation Bonds, 2007 Series A and $85,425,000 General Obligation Bonds, 2007 Series B (the "2007 Series A and Series B Official Statement") is now available.
THE 2007 SERIES A AND SERIES B OFFICIAL STATEMENT IS DATED MARCH 7, 2007 AND REFLECTS THE AFFAIRS OF THE CITY ONLY AS OF THAT DATE. NO REPRESENTATION IS MADE THAT THE AFFAIRS OF THE CITY HAVE NOT CHANGED SINCE THAT DATE. THIS 2007 SERIES A AND SERIES B OFFICIAL STATEMENT IS PROVIDED ON THE CITY'S WEBSITE FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL SECURITIES.
