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

NEWS

$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|

$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.

January 26, 2022|

$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.

December 30, 2021|

$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.

December 29, 2021|

$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.

December 29, 2021|
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