CITY OF CAMBRIDGE MINIBONDS

What are Cambridge minibonds? How are minibonds different from regular municipal bonds?

A:

All municipal bonds previously sold by the City of Cambridge were sold in denominations of $5,000 or more. Minibonds are more affordable than traditional municipal bonds for certain potential investors, as they will be available in minimum denominations of $1,000 to investors who are Cambridge residents.

Interest on minibonds will be paid semiannually. The 2018 Cambridge minibonds will mature in five years, whereas most Cambridge municipal bonds mature after 10 or 20 years. 

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