News Flash

Town Hall

Posted on: October 6, 2021

Town Bonding & Refinancing Saves $3.9 Million

financial market

The Board of Selectmen voted at their October 5, 2021 meeting to accept the recommendation of the Town Treasurer to accept bids from bond underwriters for a $26,425,000, 30-year bond issue. Morgan Stanley & Co, LLC was the winning bidder on the Bonds with an average interest rate of 1.722%. Bond proceeds will be used to finance the Elementary School construction project and refund a portion of the Town’s November 15, 2011 bond issue and generate total savings of $3,920,611 over the remaining life of the refunded bonds.  Please click here for more info.  

Thank you.

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