Borough Bond Sale

Mantoloking received some very good news this morning when the Boro sold competitively our $5,590,000 twenty year bond. Several firms
submitted bids. The lowest of those came at a rate of 2.79% from UBS. The next lowest bid was 2.85%.The 2.79% was significantly lower than had been expected but when we received the AA+ rating from S&P there was a very good chance that the final rate would very favorable for the town. Please contact Councilman White with any questions or comments