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Public appeal?
- Article from:
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The Boston Globe
- Article date:
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September 2, 2008
- Author:
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Copyright informationCopyright 2008 The Boston Globe. (Hide copyright information)
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Boston Capital
The state is going back to the financial well this week, planning
to raise another $662 million in a bond sale with a new marketing
twist: It's aimed at you.
Treasurer Tim Cahill is ripping a page out of the California
municipal bond playbook and working much harder to get individual
investors interested in Massachusetts' latest debt offering. Those
investors get first crack at the new general obligation bonds, two
days ahead of big institutions like mutual funds and insurance
companies.
But this isn't any sort of citizen outreach plan. It's all about
getting the state the best possible pricing on another big slug of
debt it will be paying interest on for many years to come. ...