NEWS
$9,135,000 of Notes issued by the Township of Weehawken
11/04/24: The Township of Weehawken successfully issued $9,135,000 of Notes, consisting of a $4,428,000 Bond Anticipation Note and a $4,707,000 Bond Anticipation Note (Federally Taxable) dated November 4, 2024 to Amboy Bank. The Notes bear interest at the rate of 4.40% per annum (computed on the basis of a 360-day year) payable at maturity on November 4, 2025. JP Capizzi served as Bond Counsel to the Township in this financing.
$6,315,000 of Bonds issued by the Middlesex County Improvement Authority
10/17/24: The Middlesex County Improvement Authority successfully issued $6,315,000 County- Guaranteed Capital Equipment and Improvement Revenue Bonds, Series 2024 authenticated October 17, 2024. NW Capital Markets Inc. purchased the Bonds. S&P Global Ratings assigned the Bonds a credit rating of “AAA”. The Bonds have a true interest cost of 2.5896% and finally mature on September 15, 2031. JP Capizzi served as Underwriter’s Counsel in this financing.
$18,023,000 Note issued by the Township of Logan
10/16/24: The Township of Logan successfully issued a $18,023,000 Bond Anticipation Note, Series 2024 dated October 16, 2024 to Jefferies LLC. The Note bears interest at the rate of 4.00% per annum (computed on the basis of a 360-day year) payable at maturity on October 16, 2025; and has a net interest cost of 2.9470%. JP Capizzi served as Bond Counsel to the Township in this financing.
$16,146,000 Note issued by the Township of Morris
09/25/24: The Township of Morris successfully issued a $16,146,000 Bond Anticipation Note, Series 2024 dated September 25, 2024 to Oppenheimer & Co., Inc. Moody’s Investors Service, Inc. assigned a credit rating of “MIG 1” to the Note. The Note bears interest at the rate of 4.00% per annum (computed on the basis of a 360-day year) payable at maturity on September 25, 2025; and has a net interest cost of 2.8850%. JP Capizzi served as Bond Counsel to the Township in this financing.
$17,550,000 of Bonds (Township Guaranteed) issued by the Parking Authority of the Township of Weehawken
07/15/24: The Parking Authority of the Township of Weehawken successfully issued $17,550,000 General Parking Revenue Bonds (Township Guaranteed) (Federally Taxable), Series 2024 consisting of $15,710,000 Parking Revenue Bonds (Township Guaranteed) (Federally Taxable), Series 2024 A and $1,760,000 Parking Revenue Refunding Bonds (Township Guaranteed) (Federally Taxable), Series 2024 B authenticated July 15, 2024. Raymond James & Associates, Inc. purchased the Bonds. S&P Global Ratings assigned the Bonds an insured credit rating of “AA” based upon a municipal bond insurance policy issued by Build America Mutual Assurance Company; S&P Global Ratings and Moody’s Investors Service, Inc. each assigned the Bonds an underlying
$14,432,000 Note issued by the Township of Weehawken
07/12/24: The Township of Weehawken successfully issued a $14,432,000 Bond Anticipation Note, Series 2024 B-1 dated July 12, 2024 to the Hudson County Improvement Authority. The Note bears interest at the rate of 4.50% per annum (computed on the basis of a 360-day year) payable at maturity on July 11, 2025. JP Capizzi served as Bond Counsel to the Township in this financing.
$7,181,000 Note issued by the Township of Weehawken
07/03/24: The Township of Weehawken successfully issued a $7,181,000 Tax Appeal Refunding Note dated July 3, 2024 to Piper Sandler & Co. The Note bears interest at the rate of 4.50% per annum (computed on the basis of a 360-day year) payable at maturity on July 3, 2025. JP Capizzi served as Bond Counsel to the Township in this financing.