To Buy Maine General Obligation Bonds, follow these steps:
Step 1 – Have a brokerage account.
Bonds cannot be purchased directly from the State. Only licensed brokers are allowed to sell securities.
Investors are encouraged to contact brokers and begin a New Account process well in advance of any anticipated purchase. Depending on the broker, internal new account procedures may take some time to process. The State does not endorse any particular broker or brokerage firm. Additionally, the State does not guarantee that a firm will open an account for an investor.
If you are interested in buying previously-issued bonds on the secondary market, any licensed broker may assist you.
Step 2 – Be prepared to invest at least $5,000.
Generally, bonds are sold in $5,000 increments.
Step 3 - Learn about the bonds
Bonds can only be offered through an Official Statement. Download and read Preliminary Official Statements http://www.munios.com/ to learn about the bonds or notes, including their security, maturity dates, the types of projects they finance and other information you may find important to help you make an informed investment decision. This website is not an offer to sell any bonds or notes.
An archive of credit ratings for Maine’s General Obligation Bonds may be viewed at: https://www.maine.gov/treasurer/debts-bonds/bond-ratings-and-designations
Step 4 - Place your order
Contact the broker with whom you have an account, either online or by phone, to get more information about how to buy bonds.