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

NEWS

$1,608,000 Note issued by the Township of Weehawken

The Township of Weehawken successfully issued a $1,608,000 Bond Anticipation Note (Federally Taxable) dated June 21, 2022 to Amboy Bank. The Note bears interest at the rate of 2.56% per annum (computed on the basis of a 360-day year) payable at maturity on June 21, 2023. JP Capizzi served as Bond Counsel to the Township in this financing.

June 21, 2022|

$5,058,030 of Notes issued by the Township of Weehawken

The Township of Weehawken successfully issued $5,058,030 of Notes, consisting of a $4,228,030 Bond Anticipation Note and a $830,000 Tax Appeal Refunding Note, dated May 31, 2022 to Amboy Bank. The Notes bear interest at the rate of 2.46% per annum (computed on the basis of a 360-day year) payable at maturity on April 17, 2023. JP Capizzi served as Bond Counsel to the Township in this financing.

May 31, 2022|

$12,929,000 of Notes issued by the Borough of Tenafly

The Borough of Tenafly successfully issued $12,929,000 of Notes, consisting of a $8,135,000 Bond Anticipation Note and a $4,794,000 Bond Anticipation Note, dated May 26, 2022 to BNY Mellon Capital Markets, LLC. The Notes bear interest at the rate of 4.00% per annum (computed on the basis of a 360-day year) payable at maturity; the $8,135,000 Bond Anticipation Note matures on September 30, 2022, and the $4,794,000 Bond Anticipation Note matures on May 26, 2023. JP Capizzi served as Bond Counsel to the Borough in this financing.

May 26, 2022|

$5,505,000 of Bonds (County Guaranteed) issued by the Middlesex County Improvement Authority

The Middlesex County Improvement Authority successfully issued $5,505,000 County Guaranteed Parking Revenue Bonds, Series 2022 (Carteret Parking Project) dated May 18, 2022. The Bonds are direct and special obligations of the Authority payable solely from revenues, which are secured by a lien on the pledged property under the General Bond Resolution. The Bonds are further secured by a full, irrevocable and unconditional guaranty of the County of Middlesex to pay, when due, the principal of and interest on the Bonds. NW Capital Markets Inc. purchased the Bonds. S&P Global Ratings assigned the Bonds a credit rating of “AAA” (stable outlook).

May 18, 2022|

$4,579,000 of Notes issued by the Township of Weehawken

The Township of Weehawken successfully issued a $4,579,000 Bond Anticipation Note, Series 2022 A-1 dated April 18, 2022 to the Hudson County Improvement Authority. The Note bears interest at the rate of 3.00% per annum (computed on the basis of a 360-day year) payable at maturity on April 17, 2023. JP Capizzi served as Bond Counsel to the Township in this financing.

April 18, 2022|

$3,000,000 Note (Township Guaranteed) issued by the Parking Authority of the Township of Weehawken

The Parking Authority of the Township of Weehawken successfully issued a $3,000,000 Parking Project Note (Township Guaranteed) (Federally Taxable), Series 2022 dated April 18, 2022 to the Hudson County Improvement Authority. The Note bears interest at the rate of 2.75% per annum (computed on the basis of a 360-day year) payable at maturity on April 17, 2023. JP Capizzi served as Guarantor’s Bond Counsel to the Township in this financing.

April 18, 2022|

$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

January 26, 2022|
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