Town of Northbridge Board of Selectmen Agenda Packet 2026-06-08
Elementary School Bonds Sold to TD Financial Products
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Description
The Northbridge Board of Selectmen approved selling $5,105,000 in General Obligation School Project Loan, Chapter 70B Bonds to TD Financial Products LLC at a price of $5,436,808.16 plus accrued interest. The bonds, dated June 15, 2026, will finance the W. Edward Balmer Elementary School project with maturities from 2027 through 2046.
Contract Details
Contract Amount
$5,436,808.16 plus accrued interest, if any (for $5,105,000 principal)
Vendor
TD FINANCIAL PRODUCTS LLC
Agency
Northbridge School District, MA
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
Bonds dated June 15, 2026, maturing annually June 15, 2027–2046
Renewal Date
2046-06-15
Renewal Info
One-time bond issuance; bonds amortize with fixed maturities from 2027 to 2046 and are subject to optional redemption as set forth in the Official Statement.
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