Town gets 2.6% rate on $66.2m bonds

Arlington has received competitive bids from bond underwriters for a $66,190,000 30-year general obligation bond issue.

Finance image Morgan Stanley & Co. was the winning bidder on the  bonds, with an average interest rate of 2.69 percent. The town received 11 bids on the bonds.

Proceeds will finance various municipal purposes. The largest partion of this bond helps fund the first phase of the new Arlington High School, with additional funds going toward the community center renovations (Senior Center), and other approved capital programs. 

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This news announcement was published Thursday, Nov. 14, 2019.