FAQ

An official statement is a document published by the city that discloses key information regarding a new municipal bond issue. The information includes items such as the purpose of the issue, the structure and repayment of the debt, and the financial and economic characteristics of Norfolk. Investors may use this information to evaluate the credit quality of the bond, but the official statement should not be construed as an offer to sell or the solicitation of an offer to buy any of the city’s bonds.

The city does not sell bonds directly from City Hall. Typically, bonds issued by the city are sold through a competitive or negotiated sale process. In either case, the bonds are purchased by a bank or investment firm and then re-marketed (re-sold) to institutional investors and/or to private individuals. You would need to contact a local bank or investment firm to find out details of how to purchase the city’s bonds.