NEWS
$11,660,000 Note (Township Guaranteed) issued by the Parking Authority of the Township of Weehawken
07/25/23: The Parking Authority of the Township of Weehawken successfully issued a $11,660,000 Parking Project Note (Township Guaranteed) (Federally Taxable), Series 2023 dated July 25, 2023 to the Hudson County Improvement Authority. The Note bears interest at the rate of 6.25% per annum (computed on the basis of a 360-day year) payable at maturity on July 24, 2024. JP Capizzi served as Guarantor’s Bond Counsel to the Township in this financing.
$18,759,000 of Bonds issued by the Weehawken Board of Education
07/18/23: The Board of Education of the Township of Weehawken, in the County of Hudson successfully issued $18,759,000 School Bonds, Series 2023 dated July 18, 2023. Robert W. Baird & Co. purchased the 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 Assured Guaranty Municipal Corp.; and an underlying credit rating of “A+” (positive outlook). The Bonds have a net interest cost of 3.7606% and finally mature on July 15, 2043. JP Capizzi served as Bond Counsel to the School District in this financing.
$8,561,000 of Notes issued by the Township of Weehawken
07/05/23: The Township of Weehawken successfully issued $8,561,000 of Notes, consisting of a $5,504,000 Tax Appeal Refunding Note and a $3,057,000 Bond Anticipation Note (Federally Taxable) dated July 5, 2023 to Amboy Bank. The Notes bear interest at the rate of 4.50% per annum (computed on the basis of a 360-day year) payable at maturity on July 5, 2024. JP Capizzi served as Bond Counsel to the Township in this financing.
$640,600 Note issued by the Borough of Atlantic Highlands
06/28/23: The Borough of Atlantic Highlands successfully issued a $640,600 Bond Anticipation Note dated June 28, 2023 to Amboy Bank. The Note bears interest at the rate of 4.45% per annum (computed on the basis of a 360-day year) payable at maturity on June 28, 2024. JP Capizzi served as Bond Counsel to the Borough in this financing.
$1,407,000 Note issued by the Township of Weehawken
06/20/23: The Township of Weehawken successfully issued a $1,407,000 Bond Anticipation Note (Federally Taxable) dated June 20, 2023 to Amboy Bank. The Note bears interest at the rate of 4.40% per annum (computed on the basis of a 360-day year) payable at maturity on June 20, 2024. JP Capizzi served as Bond Counsel to the Township in this financing.
$13,294,000 Note issued by the Borough of Tenafly
05/24/23: The Borough of Tenafly successfully issued a $13,294,000 Bond Anticipation Note, Series 2023 dated May 24, 2023 to Jefferies LLC. The Note bears interest at the rate of 4.25% per annum (computed on the basis of a 360-day year) payable at maturity on May 24, 2024; and has a net interest cost of 3.53%. JP Capizzi served as Bond Counsel to the Borough in this financing.
$335,000 Note issued by the Borough of Roselle Park
05/19/23: The Borough of Roselle Park successfully issued a $335,000 I-Bank Construction Financing Program - Bond Anticipation Note (Clean Water, Project 13h) dated May 19, 2023 to the New Jersey Infrastructure Bank. JP Capizzi served as Bond Counsel to the Borough in this financing.