Town of Greenwich to Sell $40 Million of Bonds, $140 Million Anticipation Notes

By Josh Beckerman

The Town of Greenwich, Conn., plans to sell $40 million in general obligation bonds and $140 million of general obligation bond anticipation notes in a competitive sale.

The sale is scheduled for Jan. 22, according to documents posted on MuniOS. Electronic bids, which are due on the bonds by 11 a.m. ET, and on the notes by 11:30 a.m., can be submitted through the Parity bidding system.

Bond counsel believes interest isn't an item of preference for the alternative minimum tax.

The bonds will mature from 2027 through 2031 in increments of $8 million each. The notes mature in 2027.

Proceeds from the bonds and notes will be used for capital and projects and refunding part of the $120 million of anticipation notes due in February.

Greenwich, often referred to as the hedge fund capital of the world, and is home to companies including Interactive Brokers, AQR Capital Management and Silver Point Capital. According to a preliminary official statement, per capita income was listed at $130,158.

Greenwich's 15-year capital improvement plan includes $1.1 billion of capital projects, of which about $532 million will be debt-funded.

The bonds have ratings of Aaa from Moody's and AAA from S&P Global Ratings.

Write to Josh Beckerman at [e-mail]

(END) Dow Jones Newswires

01-16-26 1858ET