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Town of Enfield Successfully Prices General Obligation Bonds & Notes
The Town of Enfield completed its general obligation bond and note pricing, which will fund $40,000,000 of projects previously approved by our voters. The projects include the expansion and renovation of the Enfield High School, the Town’s ROADS improvement program and Water Pollution Control Facility upgrades.
The Town received competitive bids from five underwriters for both the Bonds and the Notes. The winning bid for the Bonds, which have a final maturity in 20 years, was 2.998%. The one-year Notes were purchased at 1.698%. These rates are a reflection of the Town’s continued financial responsibility and demonstrate strong investor confidence in the Town of Enfield.