Since 1898, Lux Bond & Green Jewelers has been dedicated to offering truly extraordinary diamonds, jewelry, watches and gifts for the home.
The Loading Dock brings the vibe and style of a New York City SoHo loft to the heart of Stamford, Connecticut.  (203) 357-7400
WestportREADs Screening of In & Out” January 28, 4pm, Westport Town Hall
Your 24/7 News Source

Tuesday, January 29, 2013

$6.99M Bond Sale Goes Off at ‘Favorable Rate’

The Town of Westport today sold $6.99 million of 20-year general obligation bonds at a rate of 1.9 percent, described as a “highly favorable” rate.

Low bidder on the sale approved by a special meeting of the town’s Bond Committee and Board of Selectmen was FTN Capital Markets, a bank dealer and a division of First Tennessee Bank, NA, Memphis, Tenn. Its bid was 1.905283 percent with a $153,452 premium.

“This is a highly favorable rate and I congratulate the Finance Department and all those involved in making this happen,” said First Selectman Gordon Joseloff.

Moody’s Investors Services assigned a triple-A (Aaa) rating and stable outlook to the offering last week. (See WestportNow Jan. 24, 2013) The bonds will finance various school, water, and sewer improvements.

       Share

Posted 01/29/13 at 07:07 PM



Comments

Comment Policy

<< Back to main

Register / Log in

Registration is required to post comments.
Sign Up  •  Login
Comment Policy

sponsors
Discover Earthplace! Visiting Nurse and Hospice of Fairfield County, Connecticut WestportNow Year in Pictures 2015 Give to Public Schools in Need! - Go to DonorsChoose.org