Town of Nantucket Select Board Meeting Agenda March 2026
Bond Anticipation Notes Awarded to Truist Securities
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Description
The Town of Nantucket Select Board approved and awarded the sale of $9,325,000 General Obligation Bond Anticipation Notes to Truist Securities, Inc. The notes finance several capital projects and mature on July 24, 2026, with a Net Interest Cost of 2.2894%.
Contract Details
Contract Amount
$9,325,000 (plus premium of $38,885.25, Net Interest Cost 2.2894%)
Vendor
TRUIST SECURITIES INC
Agency
Nantucket County, MA
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Contract Term
March 20, 2026 – July 24, 2026
Renewal Date
2026-07-24
Renewal Info
Single issuance; no renewals specified. Notes mature July 24, 2026.
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