NEWS
$5,725,000 of Bonds issued by the Borough of Roselle Park
11/08/23: The Borough of Roselle Park successfully issued $5,725,000 General Obligation Bonds, Series 2023 dated November 8, 2023. StoneX Financial Inc. purchased the Bonds. Moody’s Investors Service, Inc. assigned the Bonds a credit rating of “Aa3”. The Bonds have a true interest cost of 3.6323% and finally mature on April 1, 2034. JP Capizzi served as Bond Counsel to the Borough in this financing.
$920,000 of Notes issued by the Borough of Roselle Park
11/08/23: The Borough of Roselle Park successfully issued $920,000 of Notes, consisting of a $630,000 I-Bank Construction Financing Program - Bond Anticipation Note (Clean Water, Project 14h) and a $290,000 I-Bank Construction Financing Program - Bond Anticipation Note (Clean Water, Project 15h) dated November 8, 2023 to the New Jersey Infrastructure Bank. JP Capizzi served as Bond Counsel to the Borough in this financing.
$9,254,500 of Notes issued by the Township of Weehawken
11/07/23: The Township of Weehawken successfully issued $9,254,500 of Notes, consisting of a $4,461,000 Bond Anticipation Note and a $4,793,500 Bond Anticipation Note (Federally Taxable) dated November 7, 2023 to Amboy Bank. The Notes bear interest at the rate of 5.25% per annum (computed on the basis of a 360-day year) payable at maturity on November 7, 2024. JP Capizzi served as Bond Counsel to the Township in this financing.
$9,985,000 of Bonds issued by the Middlesex County Improvement Authority
10/25/23: The Middlesex County Improvement Authority successfully issued $9,985,000 County- Guaranteed Capital Equipment and Improvement Revenue Bonds, Series 2023 dated October 25, 2023. 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 3.7297% and finally mature on September 15, 2028. JP Capizzi served as Underwriter’s Counsel in this financing.
$53,500,000 Note issued by the North Hudson Sewerage Authority
10/18/23: The North Hudson Sewerage Authority successfully issued a $53,500,000 I-Bank Construction Financing Program - Project Note (Clean Water, Project 42) dated October 18, 2023 to the New Jersey Infrastructure Bank. JP Capizzi served as Bond Counsel to the Authority in this financing.
$17,618,000 Note issued by the Township of Logan
10/17/23: The Township of Logan successfully issued a $17,618,000 Bond Anticipation Note, Series 2023 dated October 17, 2023 to J.P. Morgan Securities LLC. Moody’s Investors Service, Inc. assigned a credit rating of “MIG 1” to the Note. The Note bears interest at the rate of 5.00% per annum (computed on the basis of a 360-day year) payable at maturity on October 17, 2024; and has a net interest cost of 4.099%. JP Capizzi served as Bond Counsel to the Township in this financing.
$12,326,000 Note issued by the Township of Morris
09/26/23: The Township of Morris successfully issued a $12,326,000 Bond Anticipation Note, Series 2023 dated September 26, 2023 to Jefferies LLC. Moody’s Investors Service, Inc. assigned a credit rating of “MIG 1” to the Note. The Note bears interest at the rate of 4.75% per annum (computed on the basis of a 360-day year) payable at maturity on September 26, 2024; and has a net interest cost of 3.744%. JP Capizzi served as Bond Counsel to the Township in this financing.