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News & Press Releases

March 3, 2022

Press Release
Barnstable, MA $11,475,000 General Obligation Bonds Net 2.13%

(BARNSTABLE, MA – March 3, 2022) The Town of Barnstable’s Treasurer Debra
Blanchette announced that the Town received competitive bids from bond underwriters on Tuesday, March 1, 2022, for a $11,475,000, 20-year general obligation bond issue. Piper Sandler & Co. was the winning bidder on the Bonds with an average interest rate of 2.13%. The Town received a total of seven (7) bids on the Bonds. Bond proceeds will be used to finance various municipal projects.

Prior to the sale, S&P Global Ratings, a municipal bond credit rating agency, affirmed the Town’s ‘AAA’ bond rating, the highest rating attainable. The rating agency cited the Town’s strong wealth and income indicators, comprehensive set of formalized financial policies and practices, history of strong financial performance with maintenance of very strong reserves, low overall debt and contingent liability profile, and strong institutional framework as positive credit factors.

The bids for the Bonds were accepted at the offices of the Town’s Financial Advisor,
Hilltop Securities Inc., at 54 Canal Street in Boston, Massachusetts.

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March 10, 2021

Press Release
Barnstable, MA $12,695,000 General Obligation Bonds Net 1.33%; Refunding Saves $1,071,079

Debra Blanchette, Town Treasurer, announced that the Town received competitive bids from bond underwriters on Wednesday, March 10, 2021, for a $12,695,000, 20-year general obligation bond issue. Morgan Stanley & Co., LLC was the winning bidder on the Bonds with an average interest rate of 1.33%. The Town received a total of 10 bids on the Bonds.  Bond proceeds will be used to finance various municipal projects and, together with available funds of the Town, refinance bonds of the Town originally issued June 15, 2010 and June 14, 2011.  The refinancing will generate gross budgetary savings of $1,071,079 over the remaining life of the bonds refunded.

Prior to the sale, S&P Global Ratings, a municipal bond credit rating agency, affirmed the Town’s ‘AAA’ bond rating, the highest rating attainable. The rating agency cited the Town’s very strong economy, very strong management with strong financial policies and practices, strong budgetary performance, very strong budgetary flexibility, very strong liquidity, strong debt and contingent liability profile, and strong institutional framework as positive credit factors.

The bids for the Bonds were accepted at the offices of the Town’s Financial Advisor, Hilltop Securities Inc., at 54 Canal Street in Boston, Massachusetts.

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February 11, 2021

Press Release
Barnstable, MA $2,745,000 General Obligation Bonds Net 1.20%

(BARNSTABLE, MA) Debra Blanchette, Town Treasurer, announced that the Town of Barnstable received competitive bids from bond underwriters on Tuesday, February 9, 2021, for a $2,745,000, 15-year taxable bond issue. Robert W. Baird & Co., Inc. was the winning bidder on the Bonds with an average interest rate of 1.20%. The Town received a total of five (5) bids on the Bonds. Bond proceeds will be used to finance private roadway improvements.

Prior to the sale, S&P Global Ratings, a municipal bond credit rating agency, affirmed the Town’s ‘AAA’ bond rating, the highest rating attainable. The rating agency cited the Town’s very strong economy, very strong management with strong financial policies and practices, strong budgetary performance, very strong budgetary flexibility, very strong liquidity, strong debt and contingent liability profile, and strong institutional framework as positive credit factors.

The bids for the Bonds were accepted at the offices of the Town’s Financial Advisor, Hilltop Securities Inc., at 54 Canal Street in Boston, Massachusetts.

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February 6, 2020

Press Release
Barnstable, MA $10,855,000 General Obligation Bonds Net 1.69%; $2,052,950 Taxable Bond Anticipation Notes Net 1.88%

Debra M. Blanchette, Town Treasurer, announced that the Town of Barnstable received competitive bids from bond and note underwriters on Wednesday, February 5, 2020, for a $10,855,000, 20-year bond issue and a $2,052,950, 1-year taxable note issue. Morgan Stanley & Co., LLC was the winning bidder on the Bonds with an average interest rate of 1.69%. Piper Sandler & Co. was the winning bidder on the Notes with a net interest cost of 1.88%. The Town received a total of nine (9) bids on the Bonds and five (5) bids on the Notes.  Bond and Note proceeds will be used to finance various capital projects.

Prior to the sale, S&P Global Ratings, a municipal bond credit rating agency, affirmed the Town’s ‘AAA’ bond rating, the highest rating attainable. The rating agency cited the Town’s very strong economy, very strong management with strong financial policies and practices, strong budgetary performance, very strong budgetary flexibility, very strong liquidity, strong debt and contingent liability profile, and strong institutional framework as positive credit factors.

The bids for the Bonds and Notes were accepted at the offices of the Town’s Financial Advisor, Hilltop Securities Inc., at 54 Canal Street in Boston, Massachusetts.

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February 7, 2019

Press Release
Barnstable, MA $10,540,000 General Obligation Bonds Net 2.52%; $2,052,950 Taxable Bond Anticipation Notes Net 3.05%

Debra Blanchette, Town Treasurer, announced that the Town received competitive bids from bond and note underwriters on Wednesday, February 6, 2019, for a $10,540,000, 20-year bond issue and a $2,052,950, 1-year taxable note issue. Morgan Stanley & Co., LLC was the winning bidder on the Bonds with an average interest rate of 2.52%. Oppenheimer & Co., Inc. was the winning bidder on the Notes with a net interest cost of 3.05%. The Town received a total of 9 bids on the Bonds and 3 bids on the Notes. Bond and Note proceeds will be used to finance various capital projects.

Prior to the sale, S&P Global Ratings, a municipal bond credit rating agency, affirmed the Town’s ‘AAA’ bond rating, the highest rating attainable. The rating agency cited the Town’s very strong economy, very strong management with strong financial policies and practices, strong budgetary performance, very strong budgetary flexibility, very strong liquidity, strong debt and contingent liability profile, and strong institutional framework as positive credit factors.

The bids for the Bonds and Notes were accepted at the offices of the Town’s Financial Advisor, Hilltop Securities Inc., at 54 Canal Street in Boston, Massachusetts.

Read Press Release