BOXFORD, MA – Boxford Town Treasurer Ellen Guerin announced that the Town received competitive bids from bond underwriters on Tuesday, September 30, 2025, for an $18,030,000 25-year general obligation bond issue. Piper Sandler & Co. was the winning bidder on the Bonds with an average interest rate of 3.789%. The Town received a total of 9 bids on the Bonds. Bond proceeds will be used to finance various municipal projects.
Prior to the sale, S&P Global Ratings (S&P), a municipal credit rating agency, assigned a rating of “AAA” to the Bonds, the highest rating attainable. The rating agency cited the Town’s record of consistent financial performance, strong local and regional economy, and manageable debt burden as positive credit factors.
The bids for the Bonds were accepted at the offices of the Town’s municipal advisor, Hilltop Securities Inc., at 54 Canal Street in Boston, Massachusetts. ♦
