NEWS
$22,069,000 Note issued by the Township of Logan
The Township of Logan successfully issued a $22,069,000 Bond Anticipation Note, Series 2026 dated October 1, 2026 to TD Financial Products LLC. Moody’s Investors Service, Inc. assigned a credit rating of “MIG 1” to the Note. The Note bears interest at the rate of 5.000% per annum (computed on the basis of a 360-day year) payable at maturity on October 1, 2027; and has a net interest cost of 3.1480%. JP Capizzi served as Bond Counsel to the Township in this financing.
$12,475,000 of Bonds issued by the Mercer County Improvement Authority
The Mercer County Improvement Authority successfully issued $12,475,000 Lease Revenue Bonds (Hamilton Board of Education Project), Series 2026, authenticated October 1, 2026. JP Capizzi served as Trustee’s Counsel to Computershare Trust Company, N.A. in this financing.
$23,005,000 Note issued by the Township of Morris
The Township of Morris successfully issued a $23,005,000 Bond Anticipation Note, Series 2026 dated September 23, 2026 to TD Financial Products LLC. Moody’s Investors Service, Inc. assigned a credit rating of “MIG 1” to the Note. The Note bears interest at the rate of 4.500% per annum (computed on the basis of a 360-day year) payable at maturity on September 23, 2027; and has a net interest cost of 2.8240%. JP Capizzi served as Bond Counsel to the Township in this financing.
$8,104,400 of Notes issued by the Township of Weehawken
The Township of Weehawken successfully issued $8,104,400 of Notes, Series 2026, consisting of a $4,395,000 Bond Anticipation Note, Series 2026A and a $3,709,400 Special Emergency Note (Federally Taxable), Series 2026B, dated August 13, 2026. TD Financial Products LLC purchased the Notes. The Series 2026A Note bears interest at the rate of 3.75% per annum (computed on the basis of a 360-day year) payable at maturity on August 13, 2027. The Series 2026B Note bears interest at the rate of 5.25% per annum (computed on the basis of a 360-day year) payable at maturity on August 13, 2027. JP Capizzi served
$10,000,000 Note issued by the Township of Weehawken
The Township of Weehawken successfully issued a $10,000,000 Tax Anticipation Note of 2026-2027 (Federally Taxable) dated July 29, 2026 to Amboy Bank. The Note bears interest at the rate of 4.20% per annum (computed on the basis of a 360-day year) payable at maturity on June 1, 2027. JP Capizzi served as Bond Counsel to the Township in this financing.
$43,640,000 of Certificates issued by The North Hudson Sewerage Authority
The North Hudson Sewerage Authority successfully issued $43,640,000 Gross Revenue Senior Lien Lease Certificates, Series 2026 authenticated July 27, 2026. Barclays Capital Inc. purchased the Certificates. S&P Global Ratings assigned the Certificates an insured credit rating of “AA” based upon a municipal bond insurance policy issued by Assured Guaranty Inc relating to the Certificates maturing on June 1 of the years 2030 through 2042; and an underlying credit rating of “A+”. The Certificates have a true interest cost of 3.6403% and finally mature on June 1, 2042. JP Capizzi served as Special Counsel and as General Counsel to the Authority
$2,278,533 Note issued by the Borough of Buena Municipal Utilities Authority
The Borough of Buena Municipal Utilities Authority successfully issued a $2,278,533 I-Bank Construction Financing Program - Project Note (Clean Water, Project 7) dated June 24, 2026 to the New Jersey Infrastructure Bank. JP Capizzi served as Bond Counsel to the Authority in this financing.