Treasurer Steven Grossman is making it easier to invest in Massachusetts.
Grossman announced Monday that the state will begin offering bonds of $1,000, a smaller denomination designed to attract
individuals to invest in the state’s infrastructure.
The smallest denomination of state bonds is now $5,000. A $1,000 Massachusetts bond has not been offered in more than two decades.
Grossman said the Build Mass Bonds are a way for citizens to become financially invested in the state’s future.
The Massachusetts bonds will be offered to individual investors from Friday, May 20, to Monday, May 23.
The interest earned from the bonds is exempt from federal and state taxes. The interest rate will be set on Friday, the first day
of the offering.
The bonds will mature on February 2014.