Treasurer Cahill Announces Next Commonwealth Bond Sale

Friday, May 1, 2009 – The State Treasurer’s Office is preparing to sell another series of Commonwealth General Obligation bonds over the next few weeks, Treasurer Tim Cahill announced today. Although plans are expected to be finalized over the coming days, the tentative schedule of the next bond sale is targeted for the week of May 18^th.

Along with the final schedule, the size of the sale and the bond structure will be determined by market conditions over the coming days. Bonds are expected to be offered to individual Massachusetts residents during early a retail-only order period. During an early order period, priority is given to the orders of individual Massachusetts’ investors.

To date, the Treasurer’s Office has sold more than $820 million in bonds to retail investors during FY2009. The bonds in the upcoming sale will be used to finance capital infrastructure projects across the Commonwealth.

For more information on the upcoming sale, please go to www.buymassachusettsbonds.com

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