News2021-10-27T10:17:26-04:00

NEWS

$4,476,000 Note issued by the Township of Weehawken

03/26/24: The Township of Weehawken successfully issued a $4,476,000 Bond Anticipation Note dated March 26, 2024 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 March 26, 2025. JP Capizzi served as Bond Counsel to the Township in this financing.

March 26, 2024|

$9,205,000 of Notes issued by the Township of Weehawken

03/26/24: The Township of Weehawken successfully issued $9,205,000 of Notes, consisting of a $8,707,000 Bond Anticipation Note, Series 2024 A-1 and a $498,000 Tax Appeal Refunding Note, Series 2024 A-2 dated March 26, 2024 to the Hudson County Improvement Authority.  The Notes bear interest at the rate of 4.25% per annum (computed on the basis of a 360-day year) payable at maturity on March 25, 2025. JP Capizzi served as Bond Counsel to the Township in this financing.

March 26, 2024|

$2,940,000 Note (Township Guaranteed) issued by the Parking Authority of the Township of Weehawken

03/13/24: The Parking Authority of the Township of Weehawken successfully issued a $2,940,000 Parking Project Note (Township Guaranteed) (Federally Taxable), Series 2024 dated March 13, 2024 to Amboy Bank. The Note bears interest at the rate of 4.90% per annum (computed on the basis of a 360- day year) payable at maturity on July 24, 2024. JP Capizzi served as Guarantor’s Bond Counsel to the Township in this financing.

March 13, 2024|

$16,782,100 of Notes issued by the Township of Weehawken

12/21/23: The Township of Weehawken successfully issued $16,782,100 of Notes, consisting of a $9,022,000 Bond Anticipation Note, a $199,000 Tax Appeal Refunding Note, and a $7,561,100 Special Emergency Note (Federally Taxable) dated December 21, 2023 to Amboy Bank.  The Notes bear interest at the rate of 5.25% per annum (computed on the basis of a 360-day year) payable at maturity on December 21, 2024. JP Capizzi served as Bond Counsel to the Township in this financing.

December 21, 2023|

$24,815,000 of Certificates issued by The North Hudson Sewerage Authority

12/21/23: The North Hudson Sewerage Authority successfully issued $24,815,000 Gross Revenue Senior Lien Lease Certificates, Series 2023 authenticated December 21, 2023. Barclays Capital Inc. purchased the Certificates. S&P Global Ratings assigned the Certificates an insured credit rating of “A+” based upon a municipal bond insurance policy issued by Build America Mutual Assurance Company; and an underlying credit rating of “AA”. The Certificates have a true interest cost of 3.7096% and finally mature on June 1, 2044. JP Capizzi served as Special Counsel and as General Counsel to the Authority in this financing.

December 21, 2023|

$18,288,302 of Bonds issued by the North Hudson Sewerage Authority

12/15/23: The North Hudson Sewerage Authority successfully issued $18,288,302 of Bonds, consisting of a $9,498,726 I-Bank Bond (Clean Water, Project 33) and a $8,789,576 Fund Bond (Clean Water, Project 33), dated December 15, 2023 to the New Jersey Infrastructure Bank and the State of New Jersey. JP Capizzi served as Bond Counsel to the Authority in this financing.

December 15, 2023|

$5,725,000 of Bonds issued by the Borough of Roselle Park

11/08/23: The Borough of Roselle Park successfully issued $5,725,000 General Obligation Bonds, Series 2023 dated November 8, 2023. StoneX Financial Inc. purchased the Bonds.  Moody’s Investors Service, Inc. assigned the Bonds a credit rating of “Aa3”. The Bonds have a true interest cost of 3.6323% and finally mature on April 1, 2034. JP Capizzi served as Bond Counsel to the Borough in this financing.

November 8, 2023|