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

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.

July 25, 2023|

$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.

July 18, 2023|

$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.

July 5, 2023|

$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.

June 28, 2023|

$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.

June 20, 2023|

$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.

May 24, 2023|

$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.

May 19, 2023|