NEWS
$18,288,302 of Bonds issued by the North Hudson Sewerage Authority
12/15/23: The North Hudson Sewerage Authority successfully issued $18,288,302 of Bonds, consisting of a $9,498,726 I-Bank Bond (Clean Water, Project 33) and a $8,789,576 Fund Bond (Clean Water, Project 33), dated December 15, 2023 to the New Jersey Infrastructure Bank and the State of New Jersey. JP Capizzi served as Bond Counsel to the Authority in this financing.
$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.