Municipal bonds are the sort-of boring financial tool that big - TopicsExpress

Municipal bonds are the sort-of boring financial tool that big institutional investors use to hedge their bets. But this week, the city of Denver is hoping to attract a totally different class of buyers for its bond sale. The city is selling $500 mini-bonds to state residents, as a way to get locals literally invested in the community. Its a simple pitch for investors: buy a few of these mini-bonds, and in 14 years youre guaranteed to double your money. In the meantime, the city gets funds to renovate two cultural attractions and build a new recreation center.

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