NEWS
$4,711,500 of Notes issued by the Township of Weehawken
12/19/24: The Township of Weehawken successfully issued $4,711,500 of Notes, consisting of a $2,331,500 Bond Anticipation Note and a $2,380,000 Bond Anticipation Note (Federally Taxable) dated December 19, 2024 to Amboy Bank. The Notes bear interest at the rate of 4.40% per annum (computed on the basis of a 360-day year) payable at maturity on December 19, 2025. JP Capizzi served as Bond Counsel to the Township in this financing.
$17,021,700 of Notes issued by the Township of Weehawken
12/19/24: The Township of Weehawken successfully issued $17,021,700 of Notes, Series 2024 consisting of a $10,744,500 Bond Anticipation Note, Series 2024A and a $6,277,200 Special Emergency Note (Federally Taxable), Series 2024B dated December 19, 2024. BNY Mellon Capital Markets, LLC purchased the Series 2024A Note and Piper Sandler & Co. purchased the Series 2024B Note. The Series 2024A Note bears interest at the rate of 5.00% per annum (computed on the basis of a 360-day year) payable at maturity on August 15, 2025. The Series 2024B Note bears interest at the rate of 5.75% per annum (computed on the basis
$3,330,000 Note issued by the Parking Authority of the Township of North Bergen
12/19/24: The Parking Authority of the Township of North Bergen successfully issued a $3,330,000 Parking Project Note, Series 2024 (NBPA Annex Project) authenticated December 19, 2024 to Amboy Bank. The Note bears interest at the rate of 4.40% per annum (computed on the basis of a 360-day year) payable at maturity on December 19, 2025. JP Capizzi served as Bond Counsel to the Authority in this financing.
$18,380,000 of Refunding Bonds issued by the Middlesex County Improvement Authority
11/14/24: The Middlesex County Improvement Authority successfully issued $18,380,000 Middlesex County Guaranteed Lease Revenue Refunding Bonds (Middlesex Regional Educational Services Commission Projects), Series 2024 authenticated November 14, 2024. NW Capital Markets Inc. purchased the Bonds. S&P Global Ratings assigned the Bonds a credit rating of “AAA”. The Bonds have a true interest cost of 2.7833% and finally mature on October 15, 2033. JP Capizzi served as Underwriter’s Counsel in this financing.
$9,135,000 of Notes issued by the Township of Weehawken
11/04/24: The Township of Weehawken successfully issued $9,135,000 of Notes, consisting of a $4,428,000 Bond Anticipation Note and a $4,707,000 Bond Anticipation Note (Federally Taxable) dated November 4, 2024 to Amboy Bank. The Notes bear interest at the rate of 4.40% per annum (computed on the basis of a 360-day year) payable at maturity on November 4, 2025. JP Capizzi served as Bond Counsel to the Township in this financing.
$6,315,000 of Bonds issued by the Middlesex County Improvement Authority
10/17/24: The Middlesex County Improvement Authority successfully issued $6,315,000 County- Guaranteed Capital Equipment and Improvement Revenue Bonds, Series 2024 authenticated October 17, 2024. NW Capital Markets Inc. purchased the Bonds. S&P Global Ratings assigned the Bonds a credit rating of “AAA”. The Bonds have a true interest cost of 2.5896% and finally mature on September 15, 2031. JP Capizzi served as Underwriter’s Counsel in this financing.
$18,023,000 Note issued by the Township of Logan
10/16/24: The Township of Logan successfully issued a $18,023,000 Bond Anticipation Note, Series 2024 dated October 16, 2024 to Jefferies LLC. The Note bears interest at the rate of 4.00% per annum (computed on the basis of a 360-day year) payable at maturity on October 16, 2025; and has a net interest cost of 2.9470%. JP Capizzi served as Bond Counsel to the Township in this financing.