TD Financial wins Chelmsford’s $12.5M GO bond sale
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Description
Chelmsford awarded its $12.54 million 2026 General Obligation Municipal Purpose Loan bonds to TD Financial Products, LLC, which offered the lowest TIC at 3.18%. The bonds, maturing through 2047, will finance FY27 capital projects including new fire stations, school elevators, sewer pump stations, and stormwater improvements.
Contract Details
Contract Amount
$12,544,731 (par amount of GO bonds; NIC $3,536,238.39; premium $1,070,916.05)
Vendor
TD FINANCIAL PRODUCTS LLC
Agency
Town of Chelmsford, MA
Contract Type
FINANCIAL_SERVICES
Document Date
June 29, 2026
Contract Term
Bonds dated July 7, 2026; final maturity May 15, 2047
Renewal Date
2047-05-15
Renewal Info
This is a one-time bond underwriting engagement for the 2026 issuance; future capital financings will be bid separately.
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