$8,500,000 Note Issued by the Borough of Tenafly

The Borough of Tenafly successfully issued a $8,500,000 Bond Anticipation Note, Series 2022 dated November 29, 2022 to Piper Sandler & Co.  The Note bears interest at the rate of 4.50% per annum (computed on the basis of a 360-day year) payable at maturity on May 26, 2023; and has a net interest cost of 3.77%.  JP Capizzi served as Bond Counsel to the Borough in this financing.