Politics & Government
City Sells $9.2M General Obligation Bonds
Standard & Poor's Assigns AA+ rating in connection with sale, according to Concord officials.

CONCORD, NH - The city of Concord received competitive bids on Jan. 12, 2016, for a $9.2 million, 20-year general obligation bond issue, according to the city manager’s office.
The city received eight bids and Robert W. Baird & Co., Inc. purchased the bonds at an average interest rate of 1.881 percent. The proceeds will be used for various city capital projects.
Prior to the sale, Standard & Poor’s Ratings Services affirmed the city’s bond rating of AA+ for existing bonds and issued a rating of AA+ for the GO bond sale. The rating report cited the city’s strong economy, very strong management with strong financial policies and practices, very strong budget flexibility, strong budgetary performance, and very strong liquidity as part of the basis for their ratings.
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