General Obligation Bonds 2008
City of Boston, Massachusetts
$126,185,000 General Obligation Bonds
2008 Series A
$28,155,000 General Obligation Bonds
2008 Series B
On March 6, 2008, the City of Boston sold its $126,185,000 General Obligation Bonds, 2008 Series A (the "2008 Series A Bonds") and its $28,155,000 General Obligation Bonds, 2008 Series B (the "2008 Series B Bonds," and together with the 2008 Series A Bonds, the "Bonds") by competitive sale.
The City accepted all bids electronically. The City received nine bids for the 2008 Series A Bonds. The lowest true interest cost (TIC) offered for the 2008 Series A Bonds, bid by Lehman Brothers, Inc., equaled 4.216766%. The City received eight bids for the 2008 Series B Bonds. The lowest TIC offered for the 2008 Series B Bonds, bid by Robert W. Baird & Co., Inc., equaled 3.063589%.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 $126,185,000 General Obligation Bonds, 2008 Series A and $28,155,000 General Obligation Bonds, 2008 Series B (the "2008 Series A and Series B Official Statement") is now available.
THE 2008 SERIES A AND SERIES B OFFICIAL STATEMENT IS DATED MARCH 6, 2008 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 2008 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.
