NEWS
$14,506,000 of Bonds issued by the Township of Weehawken
The Township of Weehawken successfully issued $14,506,000 General Obligation Bonds, Series 2022 A consisting of $5,240,000 General Obligation Bonds, Series 2022 A-1 and $9,266,000 Federally Taxable General Obligation Bonds, Series 2022 A-2 dated January 26, 2022. Roosevelt & Cross, Inc. purchased the Series 2022 A-1; Robert W. Baird & Co. purchased the Series 2022 A-2 Bonds. S&P Global Ratings assigned the Bonds an insured credit rating of “AA” (stable outlook) based upon a municipal bond insurance policy issued by Build America Mutual Assurance Company; Moody’s Investors Service, Inc. assigned the Bonds an underlying credit rating of “Baa2” (stable outlook). The
$5,422,000 of Notes issued by the Township of Weehawken
The Township of Weehawken successfully issued $5,422,000 of Notes, consisting of a $5,332,000 Bond Anticipation Note and a $90,000 Bond Anticipation Note, dated January 26, 2022 to Amboy Bank. The Notes bear interest at the rate of 0.56% per annum (computed on the basis of a 360-day year) payable at maturity; the $5,332,000 Bond Anticipation Note matures on January 26, 2023, and the $90,000 Bond Anticipation Note matures on September 26, 2022. JP Capizzi served as Bond Counsel to the Township in this financing.
$6,010,000 of Bonds issued by the Borough of Keyport
The Borough of Keyport successfully issued $6,010,000 General Obligation Bonds consisting of a $5,070,000 General Obligation Bond and a $940,000 General Obligation Refunding Bond dated December 30, 2021. The Monmouth County Improvement Authority purchased the Bonds. The General Obligation Bond has a true interest cost of 0.9470% and finally matures on December 1, 2031; the General Obligation Refunding Bond has a true interest cost of 0.6404% and finally matures on December 1, 2026. JP Capizzi served as Bond Counsel to the Borough in this financing.
$4,625,000 of Notes issued by the Township of Weehawken
The Township of Weehawken successfully issued $4,625,000 of Notes, consisting of a $4,020,000 Bond Anticipation Note and a $605,000 Tax Appeal Refunding Note, dated December 29, 2021 to Amboy Bank. The Notes bear interest at the rate of 0.52% per annum (computed on the basis of a 360-day year) payable at maturity on December 29, 2022. JP Capizzi served as Bond Counsel to the Township in this financing.
$10,129,000 Note issued by the Township of Weehawken
The Township of Weehawken successfully issued a $10,129,000 Special Emergency Note (Federally Taxable) dated December 29, 2021 to Amboy Bank. The Note bears interest at the rate of 0.48% per annum (computed on the basis of a 360-day year) payable at maturity on December 29, 2022. JP Capizzi served as Bond Counsel to the Township in this financing.
$499,946 Note issued by the North Hudson Sewerage Authority
The North Hudson Sewerage Authority successfully issued a $499,946 I-Bank Construction Loan Project Note (Clean Water, Project 38) dated December 7, 2021 to the New Jersey Infrastructure Bank. JP Capizzi served as Bond Counsel to the Authority in this financing.
$3,452,000 of Notes issued by the Township of Weehawken
The Township of Weehawken successfully issued $3,452,000 of Notes, consisting of a $952,000 Bond Anticipation Note and a $2,500,000 Bond Anticipation Note (Federally Taxable), dated November 9, 2021 to Amboy Bank. The Notes bear interest at the rate of 0.32% per annum (computed on the basis of a 360-day year) payable at maturity on November 9, 2022. JP Capizzi served as Bond Counsel to the Township in this financing.