NEWS
$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.
$10,188,000 Note issued by the Township of Logan
The Township of Logan successfully issued a $10,188,000 Bond Anticipation Note dated October 19, 2021 to BNY Mellon Capital Markets, LLC. The Note bears interest at the rate of 1.00% per annum (computed on the basis of a 360-day year) payable at maturity on October 19, 2022. JP Capizzi served as Bond Counsel to the Township in this financing.
$54,200,000 of Certificates issued by The North Hudson Sewerage Authority
The North Hudson Sewerage Authority successfully issued $54,200,000 Gross Revenue Senior Lien Lease Certificates, Series 2021 authenticated October 13, 2021. Barclays Capital Inc. purchased the Certificates. S&P Global Ratings assigned the Certificates an insured credit rating of “A+” based upon a municipal bond insurance policy issued by Assured Guaranty Municipal Corp.; and an underlying credit rating of “AA”. The Certificates have a true interest cost of 1.8198% and finally mature on June 1, 2042. JP Capizzi served as Special Counsel and as General Counsel to the Authority in this financing.