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Vt. poised to sell $25M in bonds, residents first

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October 21, 2013 11:07 AM EST | AP


MONTPELIER, Vt. — MONTPELIER, Vt. (AP) — The state treasurer's office is getting ready to sell about $25 million of Vermont Citizen Bonds.

The general obligation bonds will be made available first to Vermont residents and businesses. They will be sold on Nov. 4.

They are sold in $1,000 increments and must be bought through a registered broker or dealer. The bonds' maturities range from one to 20 years.

State Treasurer Beth Pearce says the number of bonds to be sold could increase, depending on demand.

The Preliminary Official Statement for the bond offering will be available Oct. 28 on the website of the Vermont Treasurer.