Bonds

The Commonwealth borrows for its capital needs by accessing the capital markets through the sale of bonds. Most of its borrowing is done through the sale of General Obligation (G.O.) Bonds. G.O. bonds are secured by a pledge of the Commonwealth’s full faith and credit.

Other bond programs are secured by specific revenue sources. For example, the Commonwealth’s highest rated bond program The Commonwealth Transportation Bond program, which is rated ‘Aaa’ by Moody’s and ‘AAA’ by Standard & Poor’s, is secured by revenues received from the state’s tax on gasoline as well as Registry of Motor Vehicle fees.

How to Buy Mass Bonds

In order to purchase any bond, including those offered by the Commonwealth of Massachusetts, you need to contact a broker dealer. Prospective Investors must have an open brokerage account before the sale of the bonds to place any orders.
In advance of purchasing a Commonwealth of Massachusetts bond, investors should read both the Preliminary Official Statement and Official Statement for the specific bond issue they are interested in. Both the Preliminary Official Statement and the Official Statement are available through the broker dealers that are participating in that particular bond issue as well as buymassbonds.com. Contact your investment advisor for any investment advice on specific bond issues.
Contact your broker in advance of the bond sale to discuss your investment options.