Township Awards Sale of Bond Anticipation Notes

The Township has awarded the sale of $5,000,000 Bond Anticipation Notes today to Jefferies, LLC at a net interest cost of 0.1832%.

The Notes have been issued to provide funds for various projects in the General, Water Utility and Sewer Utility Capital funds. The Notes will be issued on June 25, 2014 and mature on May 15, 2015.

The bids received were:

Jeffries, LLC                   0.1832%
Oppenheimer & Co.       0.5219%