$17,550,000 of Bonds (Township Guaranteed) issued by the Parking Authority of the Township of Weehawken

07/15/24: The Parking Authority of the Township of Weehawken successfully issued $17,550,000 General Parking Revenue Bonds (Township Guaranteed) (Federally Taxable), Series 2024 consisting of $15,710,000 Parking Revenue Bonds (Township Guaranteed) (Federally Taxable), Series 2024 A and $1,760,000 Parking Revenue Refunding Bonds (Township Guaranteed) (Federally Taxable), Series 2024 B authenticated July 15, 2024. Raymond James & Associates, Inc. purchased the Bonds. S&P Global Ratings assigned the Bonds an insured credit rating of “AA” based upon a municipal bond insurance policy issued by Build America Mutual Assurance Company; S&P Global Ratings and Moody’s Investors Service, Inc. each assigned the Bonds an underlying credit rating of “Baa3”. The Bonds have a true interest cost of 6.2787% and finally mature on July 15, 2054. JP Capizzi served as Bond Counsel to the Guarantor’s Bond Counsel to the Township in this financing.