Support Wilton's only locally-owned, independent source of news about Wilton.

For as little as $5/month, every GOOD Morning Wilton membership helps ensure we can continue to provide coverage of Wilton's town government, businesses, schools, community and more.

Become a Member

Wake up with
GOOD Morning Wilton!

Sign up to receive GOOD Morning Wilton's
daily email newsletter every Monday-Friday. You'll be the FIRST to know the news that everyone in Wilton will be talking about!

Processing…
You're subscribed!
Whoops! There was an error and we couldn't process your subscription. Please reload the page and try again.
  • News
    • Town Hall
    • Schools
    • Election 2023
    • Sports
    • Budget FY2024
    • GOOD News of the Day
    • Photo of the Day
  • Real Estate/Business
    • Real Estate
    • Business
      • Job Listings
  • Community
    • Good People to Know
    • Good Stuff To Do
    • Family
    • Kids & Teens
  • OP-ED
    • Opinion
    • Letters to the Editor
  • Events
  • Listings
  • Submit Story
  • Advertise
  • Members
    • Become a GMW Member
    • Membership FAQs
  • About
    • About GMW
    • Our Team
  • Contact Us
  • Become a Member
    • Become a GMW Member
    • Membership FAQs
  • Advertise
  • Submit a Story
  • Subscribe to Our Newsletter
  • FAQs
    • General FAQs
    • Membership FAQs
  • Terms of Use
  • Facebook
  • Instagram
  • Twitter
  • YouTube
Skip to content
  • About
    • About GMW
    • Our Team
  • Contact Us
  • Become a Member
    • Become a GMW Member
    • Membership FAQs
  • Advertise
  • Submit a Story
  • Subscribe to Our Newsletter
  • FAQs
    • General FAQs
    • Membership FAQs
  • Terms of Use
  • Facebook
  • Instagram
  • Twitter
  • YouTube
Good Morning Wilton

Good Morning Wilton

  • News
    • Town Hall
    • Schools
    • Election 2023
    • Sports
    • Budget FY2024
    • GOOD News of the Day
    • Photo of the Day
  • Real Estate/Business
    • Real Estate
    • Business
      • Job Listings
  • Community
    • Good People to Know
    • Good Stuff To Do
    • Family
    • Kids & Teens
  • OP-ED
    • Opinion
    • Letters to the Editor
  • Events
  • Listings
  • Submit Story
  • Advertise
  • Members
    • Become a GMW Member
    • Membership FAQs
Home » Positive Result for Wilton CT Bond Sale After Strong Rating Report — and GOOD News for Financing New HQ Police Project
Posted inTown Hall

Positive Result for Wilton CT Bond Sale After Strong Rating Report — and GOOD News for Financing New HQ Police Project

by Heather Borden Herve, GMW Editor May 23, 2023May 22, 2023

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to email a link to a friend (Opens in new window)

The following is a press release from the town of Wilton

Town of Wilton CFO Dawn Norton announced positive results for a May 16, 2023, $13.1 million bond sale which yielded competitive interest rates on the strength of Moody’s reaffirmation of Wilton, CT’s rating of Aaa, which is the highest rating available.

The town received 11 bids from various underwriting firms with the winning bid of 3.19% from Robert Baird, Inc. The Town’s policy of using a combination of 10- and 20-year bonds meant the winning True Interest Cost (TIC) of 3.19% was lower than all recent Aaa bond sales, including Westport (3.34%), Farmington (3.27%), New Fairfield (3.36%), Newtown (3.45%) and Darien 28-year issue (3.67%).

The bonds will primarily provide financing for the Town’s Police Headquarters project.

“This bond sale generated robust interest from various underwriting firms even with the uncertainty of the federal debt limit,” Barry Bernabe, Managing Director at Phoenix Advisors and Wilton’s municipal advisor, said.

Moody’s Investors Service had recently reaffirmed Wilton’s Aaa rating with a stable outlook. In reaffirming Wilton’s Aaa rating, Moody’s wrote: “…Wilton’s stable local economy, supported by an exceptionally strong residential market and high resident incomes. The rating additionally reflects the town’s low leverage and fixed costs, …and moderate reserves and liquidity.”

Moody’s noted another positive: “The town’s government operations are managed by certified and experienced professionals who are responsible for implementing policy objectives. This, plus a combination of a strong state-wide institutional framework and conservative budgeting, has allowed for strong and stable financial operations.”

Moody’s credit opinion for Wilton is available on the Town of Wilton website.

Officials also noted that the Town has an opportunity to complete a refunding bond issue that may save the town close to $750,000 depending on interest rates in the next several weeks.

See more related GMW stories...

Tagged: bond sales, Moody's Aaa rating

Local News is Vital for the Community.

Support daily, Wilton-owned service journalism with a hyper-local focus.

Become a Member

Upcoming Events

May 1
May 1 - May 31

15% off for School Teachers in May at Signature Style [SPONSORED]

May 29
10:00 am - 11:00 pm

Wilton Memorial Day Parade

May 30
3:30 pm - 5:00 pm Recurring

Reshaping Reality: Middle Schoolers in the Mirror

May 30
7:00 pm - 8:30 pm

Breathe Easier: Navigating the Hazards of Indoor and Outdoor Air Pollution

May 31
12:00 pm - 5:00 pm Recurring

Wilton Farmers Market

View Calendar
  • Facebook
  • Instagram
  • Twitter
  • YouTube

About Us

When Wilton wants info, access and the resources to find out what’s happening and who makes it happen in town, people turn to GOOD Morning Wilton. We’re Wilton’s most trusted source of local news and info.

© 2023 Good Morning Wilton. Proudly powered by Newspack by Automattic Terms of Use