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Torrington treasurer outlines bond timeline, rate call Feb. 3 and March 13 sale; remaining 2018 bond funds and school financing discussed
Summary
Torrington — The city treasurer updated the Board of Finance on Jan. 21 about the timetable for the city’s 2025 bond issuance, saying a Standard & Poor’s rating interview is scheduled for Feb. 3 and a bond sale is targeted for March 13.
Torrington — The city treasurer updated the Board of Finance on Jan. 21 about the timetable for the city’s 2025 bond issuance and other capital-financing plans, telling members that the bond-rating interview with Standard & Poor’s is scheduled for Feb. 3 and a bond sale is targeted for March 13.
The treasurer said the preliminary official statement for the 2025 bond issuance is under review and the finance team will complete that process before distributing it to potential bidders. The treasurer anticipated the official statement process would conclude by Feb. 14. He said a bond rating…
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