Cambridge, Mass., schedules $75.47 million G.O. bond sale for Tuesday

By Sheri Kasprzak

New York, March 2 – The City of Cambridge, Mass., is slated to price $75,465,000 of series 2015A municipal purpose loan general obligation bonds on Tuesday, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold competitively with Government Finance Group as the financial adviser.

The bonds are due 2016 to 2035.

Proceeds will be used to finance sewer reconstruction, school building renovations, recreational improvements, municipal building renovations and street and sidewalk improvements.

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