The state has introduced a website to give more information to municipal bond investors, with a goal of driving down Massachusetts’ borrowing costs by providing greater transparency.
The website, www.massbondholder.com, has more than 30,000 pages of reports, audits and summaries from different state offices, including the Department of Revenue, the treasurer’s office, the executive office for administration and finance, the state pension fund, and others.
“We’re confident that providing better disclosure tools to investors will allow the state to borrow at lower rates and reduce costs for taxpayers,” Treasurer Steven Grossman said in a statement.
The site is geared to institutional investors, such as mutual funds, that buy large amounts of bonds. It provides investors tools, the state said, such as software to analyze the Commonwealth’s data.
Over the past two years, the Commonwealth has revamped its disclosure practices to include a schedule of when bond information is published, regular live investor calls, and an annual investor conference to showcase the state’s financial standing, Grossman’s office said.
Beth HealyBeth Healy can be reached at email@example.com.