General Obligation Bonds 2011

City of Boston, Massachusetts
$86,190,000 General Obligation Bonds
2011 Series A
$38,295,000 General Obligation Bonds
2011 Series B
$41,620,000 General Obligation Bonds
2011 Series C
(Qualified School Construction Bonds - Federally Taxable - Direct Payment)
$14,425,000 General Obligation Bonds
2011 Series D

On March 16, 2011, the City of Boston sold its $86,190,000 General Obligation Bonds, 2011 Series A (the "2011 Series A Bonds"), its $38,295,000 General Obligation Bonds, 2011 Series B (the "2011 Series B Bonds"), its $41,620,000 General Obligation Bonds, 2011 Series C (Qualified School Construction Bonds - Federally Taxable - Direct Payment) (the "2011 Series C Bonds"), and its $14,425,000 General Obligation Bonds, 2011 Series D (the "2011 Series D Bonds," and together with the 2011 Series A Bonds, the 2011 Series B Bonds, and the 2011 Series C Bonds, the "Bonds") by competitive sale.


The City accepted all bids electronically. The City received twelve bids for the 2011 Series A Bonds. The lowest true interest cost (TIC) offered for the 2011 Series A Bonds, bid by Banc of America Merrill Lynch, equaled 3.188347%. The City received eleven bids for the 2011 Series B Bonds. The lowest true interest cost (TIC) offered for the 2011 Series B Bonds, also bid by Banc of America Merrill Lynch, equaled 3.227829%. The City received eight bids for the 2011 Series C Bonds. The lowest TIC offered for the 2011 Series C Bonds, bid by J.P. Morgan Securities Inc., equaled 0.018638%. The City received seven bids for the 2011 Series D Bonds. The lowest TIC offered for the 2011 Series D Bonds, bid by Jefferies & Company, Inc., equaled 1.258702%. The Bonds were rated Aaa 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 $86,190,000 General Obligation Bonds, 2011 Series A, $38,295,000 General Obligation Bonds, 2011 Series B, $41,620,000 General Obligation Bonds, 2011 Series C (Qualified School Construction Bonds - Federally Taxable - Direct Payment), and $14,425,000 General Obligation Bonds, 2011 Series D (the "2011 Series A, Series B, Series C, and Series D Official Statement") is now available.

THE 2011 SERIES A, SERIES B, SERIES C, AND SERIES D OFFICIAL STATEMENT IS DATED MARCH 16, 2011 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 2011 SERIES A, SERIES B, SERIES C, AND SERIES D OFFICIAL STATEMENT IS PROVIDED ON THE CITY'S WEBSITE FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL SECURITIES.

 

2011 Series A, Series B, Series C and Series D Official Statement