Town of Nantucket Select Board Meeting Agenda March 2026
Bond Anticipation Notes Awarded to Truist Securities Inc.
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Description
The Nantucket Select Board approved the sale of $9,325,000 in Bond Anticipation Notes to Truist Securities, Inc., effective March 20, 2026 through July 24, 2026. The financing includes a Net Interest Cost of 2.2894% and a premium of $38,885.25, supporting the town’s sewer, affordable housing, and airport projects.
Contract Details
Contract Amount
$9,325,000
Vendor
TRUIST SECURITIES INC
Agency
Nantucket County, MA
Contract Type
FINANCIAL_SERVICES
Document Date
March 16, 2026
Contract Term
March 20, 2026 – July 24, 2026
Renewal Date
2026-07-24
Renewal Info
Short-term note maturing July 24, 2026; future renewals would require new board authorization.
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