- Advertisement -

Verona Nets Exceptional Bond Rate


Share post:

- Advertisement -

The screens that normally capture the Verona Town Council meetings were tuned instead today to a competitive, electronic auction for $10.48 million in general obligation bonds for Verona. Bidding opened at 2.88%, which thrilled Dee Trimmer, Verona’s financial officer, who had been hoping for an open of at least 3.5%. Earlier this week, Standard & Poor’s assigned a ‘AA’ rating and stable outlook to Verona on the offering.

Four bidders jockeyed more than a dozen offers, and when the action closed, the lowest bid on the board was 2.754% from UBS Financial. The difference between the highest bid and the lowest represented a savings of about $550,000 for Verona. “I am ecstatic,” said Trimmer.

Print Friendly, PDF & Email
- Advertisement -
Virginia Citrano
Virginia Citranohttps://myveronanj.com
Virginia Citrano grew up in Verona. She moved away to write and edit for The Wall Street Journal’s European edition, Institutional Investor, Crain’s New York Business and Forbes.com. Since returning to Verona, she has volunteered for school, civic and religious groups, served nine years on the Verona Environmental Commission and is now part of Sustainable Verona. She co-founded MyVeronaNJ in 2009. You can reach Virginia at [email protected].


Please enter your comment!
Please enter your name here

- Advertisement -

Related articles

2023 Board Of Education Election: The Candidates Respond

Mike Boone and Dominic Ferry are the two candidates running for one seat on the Verona Board of...

Cancer Support Groups Mark Breast Cancer Awareness Month

Representatives of two cancer support groups that got their start in Verona gathered in the center of town...

Burglary On Cambridge Road

The Verona Police Department is alerting residents to a burglary that happened on Cambridge Road early Sunday morning. According...

FEMA Emergency Alert Test Wednesday

On Wednesday, October 4, at 2:20 p.m. your cell phone is going to ring. So will that of...
- Advertisement -