NEWS
$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
$14,432,000 Note issued by the Township of Weehawken
07/12/24: The Township of Weehawken successfully issued a $14,432,000 Bond Anticipation Note, Series 2024 B-1 dated July 12, 2024 to the Hudson County Improvement Authority. 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 July 11, 2025. JP Capizzi served as Bond Counsel to the Township in this financing.
$7,181,000 Note issued by the Township of Weehawken
07/03/24: The Township of Weehawken successfully issued a $7,181,000 Tax Appeal Refunding Note dated July 3, 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 July 3, 2025. JP Capizzi served as Bond Counsel to the Township in this financing.
$3,005,000 Note issued by the Township of Weehawken
07/03/24: The Township of Weehawken successfully issued a $3,005,000 Bond Anticipation Note (Federally Taxable) dated July 3, 2024 to Amboy Bank. The Note bears interest at the rate of 5.00% per annum (computed on the basis of a 360-day year) payable at maturity on July 3, 2025. JP Capizzi served as Bond Counsel to the Township in this financing.
$602,100 Note issued by the Borough of Atlantic Highlands
06/27/24: The Borough of Atlantic Highlands successfully issued a $602,100 Bond Anticipation Note dated June 27, 2024 to Amboy Bank. The Note bears interest at the rate of 5.00% per annum (computed on the basis of a 360-day year) payable at maturity on June 27, 2025. JP Capizzi served as Bond Counsel to the Borough in this financing.
$1,206,000 Note issued by the Township of Weehawken
06/18/24: The Township of Weehawken successfully issued a $1,206,000 Bond Anticipation Note (Federally Taxable) dated June 18, 2024 to Amboy Bank. The Note bears interest at the rate of 5.00% per annum (computed on the basis of a 360-day year) payable at maturity on June 18, 2025. JP Capizzi served as Bond Counsel to the Township in this financing.
$5,770,000 of Refunding Bonds issued by The Long Branch Sewerage Authority
05/30/24: The Long Branch Sewerage Authority successfully issued $5,770,000 Sewer Revenue Refunding Bonds, Series 2024 authenticated May 30, 2024. RBC Capital Markets, LLC. purchased the Bonds. Moody’s Investors Service, Inc. assigned the Bonds a credit rating of “Aa2”. The Bonds have a true interest cost of 3.3030% and finally mature on April 1, 2039. JP Capizzi served as Bond Counsel to the Authority in this financing.