NEWS
$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).
$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.
$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.
$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.