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

Posted

January 19, 2022                                   For Immediate Release

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.


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For Further information, contact:
Michael Bellotti, Treasurer
614 High Street
Dedham, MA 02026
Tel: (781) 461-6110