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

NEWS

$7,000,500 Note issued by the Township of Weehawken

The Township of Weehawken successfully issued a $7,000,500 Bond Anticipation Note (Federally Taxable), Series 2025 E dated October 30, 2025 to Amboy Bank.  The Note bears interest at the rate of 3.900% per annum (computed on the basis of a 360-day year) payable at maturity on October 30, 2026.  JP Capizzi served as Bond Counsel to the Township in this financing.

October 30, 2025|

$22,974,000 of Notes issued by the Township of Weehawken

The Township of Weehawken successfully issued a $6,677,000 Bond Anticipation Note, Series 2025 C-1, a $7,250,000 Tax Appeal Refunding Note, Series 2025 C-2, and a $9,047,000 Bond Anticipation Note (Federally Taxable), Series 2025 D, dated October 29, 2025.  TD Financial Products LLC purchased the Series 2025 C Notes and Oppenheimer & Co., Inc. purchased the Series 2025 D Note.  The Series 2025 C Notes bear interest at the rate of 3.750% per annum (computed on the basis of a 360-day year) payable at maturity on October 29, 2026.  The Series 2025 D Note bears interest at the rate of 5.375%

October 29, 2025|

$21,189,000 Note issued by the Township of Logan

The Township of Logan successfully issued a $23,189,000 Bond Anticipation Note, Series 2025 dated October 2, 2025 to BNY Mellon Capital Markets, LLC.  Moody’s Investors Service, Inc. assigned a credit rating of “MIG 1” to the Note.  The Note bears interest at the rate of 4.00% per annum (computed on the basis of a 360-day year) payable at maturity on October 2, 2026; and has a net interest cost of 2.4724%.  JP Capizzi served as Bond Counsel to the Township in this financing.

October 2, 2025|

$21,057,000 Note issued by the Township of Morris

The Township of Morris successfully issued a $21,057,000 Bond Anticipation Note, Series 2025 dated September 24, 2025 to TD Securities (USA) LLC.  Moody’s Investors Service, Inc. assigned a credit rating of “MIG 1” to the Note.  The Note bears interest at the rate of 3.75% per annum (computed on the basis of a 360-day year) payable at maturity on September 24, 2026; and has a net interest cost of 2.5120%.  JP Capizzi served as Bond Counsel to the Township in this financing.

September 24, 2025|

$9,388,300 of Notes issued by the Township of Weehawken

The Township of Weehawken successfully issued $9,388,300 of Notes, Series 2025, consisting of a $4,395,000 Bond Anticipation Note, Series 2025A and a $4,993,300 Special Emergency Note (Federally Taxable), Series 2025B, dated August 14, 2025. TD Securities (USA) LLC purchased the Series 2025A Note and Piper Sandler & Co. purchased the Series 2025B Note. The Series 2025A Note bears interest at the rate of 4.00% per annum (computed on the basis of a 360-day year) payable at maturity on August 14, 2026. The Series 2025B Note bears interest at the rate of 5.00% per annum (computed on the basis of a

August 14, 2025|

$31,339,000 of Bonds issued by the Township of Weehawken

The Township of Weehawken successfully issued $27,329,000 General Obligation Bonds, Series 2025 A, consisting of $20,781,000 General Improvement Bonds, Series 2025 A-1 and $6,548,000 Tax Appeal Refunding Bonds, Series 2025 A-2, and $4,010,000 Federally Taxable General Obligation Bonds, Series 2025 B, dated July 1, 2025. Roosevelt & Cross, Inc. purchased the Series 2025 A Bonds; SWBC Investment Services, LLC purchased the Series 2025 B 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; Moody’s Investors Service, Inc. assigned the Bonds an underlying

July 1, 2025|