Cambridge, Mass., plans $65.26 million sale of G.O. bonds Tuesday

By Sheri Kasprzak

New York, Feb. 15 - The City of Cambridge, Mass., plans to price $65.26 million of series 2013 municipal purpose loan general obligation bonds on Tuesday, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold on a competitive basis with Government Finance Group as the financial adviser.

The bonds are due 2014 to 2033.

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

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