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Norwood approves $15.205 million general-obligation bond sale, projects debt-service savings
Summary
The Board of Selectmen approved the sale of $15,205,000 in 2026 general-obligation municipal-purpose bonds to Fifth Third Securities Inc., citing an all-in true interest rate near 3.25%, about $1.4 million in bond premium and estimated debt-service savings of roughly $4.5 million versus a prior 30-year scenario.
The Norwood Board of Selectmen voted Feb. 24 to authorize and sign documents for a $15,205,000 general-obligation municipal-purpose loan (2026 bonds), concluding a competitive sale and approving the terms recommended by the town treasurer.
Town staff reported the bonds, dated March 5, 2026, were sold to Fifth Third Securities Inc. at a price of $16,579,131.46. The…
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