G.O. Bonds On Sale

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The City and County of Honolulu will soon put up for sale as much as $925 million in General Obligation Bonds, the Mayor’s office reports.

The money be used to finance various capital improvements and refinance outstanding bonds for interest rate savings.

Individuals can grab ‘em during a one-day retail period on October 24. The order period for institutions is October 25.

The bonds will…

  • Pay semi-annual interest
  • Be sold in denominations of $5,000 or multiples thereof
  • Be exempt from Hawaii income taxes (but some series will be subject to federal income taxes)

Courtesy of 401(K) 2012  via Flickr

— Alia Wong

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