Norfolk County, MA $1,200,000 General Obligation Bonds Net 2.203%

Dedham MA

24 January, 2022

5:50 PM

Description

Press release from the County of Norfolk: January 24, 2022 Norfolk County, MA $1,200,000 General Obligation Bonds Net 2.203% Michael Bellotti, County Treasurer, received competitive bids from bond underwriters on Wednesday, January 19, 2022, for a $1,200,000, 20-year bond issue. Robert W. Baird & Co., Inc. was the winning bidder on the Bonds with an average interest rate of 2.203%. The County received 3 bids on the Bonds. Bond proceeds will be used to finance school renovations. Prior to the sale Moody's Investors Service, a municipal bond credit rating agency, assigned a rating of 'Aa3' to the Bonds. The rating agency cited the County's substantial tax base with above average wealth levels and low debt burden as positive credit factors. The bids for the Bonds were accepted at the offices of the County's Financial Advisor, Hilltop Securities Inc., at 54 Canal Street in Boston, Massachusetts. This press release was produced by the County of Norfolk. The views expressed are the author's own.