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Concord sold $17.5 million in bonds at a 3% coupon and 3% true interest cost, with approximately $16.2 million in net proceeds after the premium. The sale was supported by the Town’s reaffirmed AAA bond rating from Moody’s; about 60% of principal matures within five years.
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The bond sale provides Concord with approximately $16.2 million after the premium, although the minutes do not specify the funds’ purpose. Repayment terms run from five to 20 years, and the bonds can be called after 10 years. The committee also noted that all budget articles at the 2026 Annual Town Meeting passed without controversy or questions from the floor.
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