First Selectman Mike Tetreau shared that the Bond Committee, which consists of the Board of Selectmen, Town Treasurer Helen D'Avanzo and Fiscal Officer Robert Mayer, participated in a $11,500,000 Bond Sale and a $14,030,000 Note Sale resulting in exceptional interest rates.
The Bond Committee unanimously approved the Note Sale to JP Morgan, the winning firm that bid 0.117%. The Bond Committee also unanimously approved the Bond Sale to UBS Financial, the winning firm that bid 2.856%.
First Selectman Mike Tetreau said, "The Town is extremely pleased with the highly successful outcome of today's bond and note sale. I thank our fiscal management team for their sound management that has resulted in the Town being able to fund projects with these low rates that will save taxpayer dollars."