NEWS
$11,298,000 of Notes issued by the Township of Weehawken
The Township of Weehawken successfully issued $11,298,000 of Notes, consisting of a $10,058,000 Bond Anticipation Note, Series 2020 C-1A1 and a $1,240,000 Tax Appeal Refunding Note, Series 2020 C-1A2, dated September 3, 2020 to the Hudson County Improvement Authority. The Notes bear interest at the rate of 1.50% per annum (computed on the basis of a 360-day year) payable at maturity on September 2, 2020. JP Capizzi served as Bond Counsel to the Township in this financing.
$3,826,000 of Bonds issued by the Township of Weehawken
The Township of Weehawken successfully issued $3,826,000 General Obligation Bonds, Series 2020 dated September 3, 2020 to Roosevelt & Cross, Inc. 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; and Moody’s Investors Service, Inc. has assigned the Bonds an underlying credit rating of “Baa2” (stable outlook). The Bonds have a true interest cost of 1.9200% and finally mature on September 1, 2026. JP Capizzi served as Bond Counsel to the Township in this financing.
$1,350,000 Refunding Bond issued by the Township of Weehawken
The Township of Weehawken successfully issued a $1,350,000 General Obligation Refunding Bond, Series 2020 dated August 20, 2020 to Webster Public Finance Corporation. The Bond has a net interest cost of 2.4970% and finally matures on August 1, 2025. JP Capizzi served as Bond Counsel to the Township in this financing.
$750,000 Note issued by the North Hudson Sewerage Authority
The North Hudson Sewerage Authority successfully issued a $750,000 I-Bank Construction Loan Project Note (Clean Water, Project 36) dated August 19, 2020 to the New Jersey Infrastructure Bank. JP Capizzi served as Bond Counsel to the Authority in this financing.
$10,500,000 Note issued by the Township of Weehawken
The Township of Weehawken successfully issued a $10,500,000 Tax Anticipation Note of 2020-2021 (Taxable) dated July 30, 2020 to Amboy Bank. The Note bears interest at the rate of 0.85% per annum (computed on the basis of a 360-day year) payable at maturity on July 30, 2021. JP Capizzi served as Bond Counsel to the Township in this financing.
$3,509,000 of Notes issued by the Township of Weehawken
The Township of Weehawken successfully issued $3,509,000 of Notes, consisting of a $1,700,000 Bond Anticipation Note and a $1,809,000 Bond Anticipation Note (Taxable), dated June 23, 2020 to Amboy Bank. The Notes bear interest at the rate of 1.50% per annum (computed on the basis of a 360-day year) payable at maturity on June 23, 2021. JP Capizzi served as Bond Counsel to the Township in this financing.
$8,910,000 Note issued by the Borough of Tenafly
The Borough of Tenafly successfully issued a $8,910,000 Bond Anticipation Note, Series 2020 dated May 28, 2020 to TD Securities (USA) LLC. The Note bears interest at the rate of 1.25% per annum (computed on the basis of a 360-day year) payable at maturity on May 28, 2021. JP Capizzi served as Bond Counsel to the Borough in this financing.