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Norfolk County Sells $1.2M School Bond at 2.203%
Norfolk County Treasurer Michael Bellotti accepted a winning bid Wednesday for a $1.2 million, 20-year general obligation bond to finance school renovations. Robert W. Baird & Co., Inc. won the competitive sale with an average interest rate of 2.203%.
Moody's Investors Service rated the bond issue 'Aa3,' citing the county's substantial tax base, above-average wealth levels, and low debt burden. Three underwriters submitted bids.
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