Jason P. Capizzi Closes Bond Financing for the Township of Weehawken

Jason P. Capizzi serves as Bond Counsel to the Township of Weehawken.  The Township successfully issued $6,537,000 General Obligation Bonds, Series 2018 dated August 30, 2018 to Roosevelt & Cross, Inc. and Associates.  Moody’s Investors Service, Inc., S&P Global Ratings and Kroll Bond Rating Agency, Inc. assigned the Bonds insured ratings of “A2” (stable outlook), “AA” (stable outlook) and “AA+” (stable outlook), respectively, based upon the issuance of a Municipal Bond Insurance Policy by Assured Guaranty Municipal Corp.  Moody’s assigned the Bonds an underlying credit rating of “Baa3” (positive outlook).  The Bonds finally mature on August 15, 2038 and have a true interest cost of 3.7273%.  The bond proceeds will be used to permanently finance a bond anticipation note maturing on October 31, 2018.

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