PolitickerNJ Wire Feed

By Liz | November 7th, 2012 - 2:52pm
| More

New York City, NY  November 7, 2012- New Jersey selected J.P. Morgan to be sole manager for an upcoming $2.6 billion bond sale following a highly competitive selection process that was arranged quickly after it became clear that Hurricane Sandy would make landfall in the state.  Proceeds will assist the state in meeting its cash flow needs in the current fiscal year.

 New Jersey cancelled its original plan for an auction of Tax Revenue Anticipation Notes (TRANs) on October 30 and arranged a negotiated sale as Sandy approached the East Coast and municipal markets became susceptible to storm-related volatility and headline risk. J.P. Morgan will help New Jersey complete its sale of annual TRANs sale by reaching out to investors who understand that New Jersey is a strong credit that has never failed to meet its debt obligations.

 “We have more than 30,000 employees and 10 million customers in the tri-State area. This storm hit home for all of us,” said Matt Zames, co-Chief Operating Officer of JPMorgan Chase.  “J.P. Morgan wants to be part of the rebuilding process that restores New Jersey’s communities and the Jersey Shore. We think investors will want to be there, too."

 J.P. Morgan is the top-ranked underwriter in U.S. municipal finance, including short-term municipal notes.

About J.P. Morgan’s Corporate & Investment Bank

J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.  Further information about J.P. Morgan is available at www.jpmorgan.com.

Contact Info: 

Elizabeth Seymour, 212-270-1778, elizabeth.c.seymour@jpmorgan.com                     

Wake-Up Call

Morning Digest: August 29th

Belmar mayor's race: a wave of post-Sandy project politics stirs up seaside Monmouth borough BELMAR - When Belmar Mayor Matt Doherty rolled out his re-election campaign in February, he did so still basking in the glow of what many residents of the 6,000-person Monmouth County seaside borough saw...

Op-Ed

White House’s Tuition Challenge Being Met in NJ

By MICHAEL W. KLEIN In his weekly radio address on August 16, President Obama challenged colleges “to do their part to bring down costs” and lighten the tuition burden on students.  The state colleges and universities in New Jersey have... Read More >

Contributors

My Republican Hillary Clinton Experience    There is a veritable plethora of reportage in print, internet, television and radio media speculating as to whether Hillary Clinton will seek the Democratic... more »
(8-27-14) All Americans Should Support Gov. Perry - Political prosecutions have no place in American life. Those who use the justice system as they are using it in Texas... more »
(Asbury Park, NJ) -- There's a word for someone who says one thing and does another: hypocrite.  There's no shortage of 'em in Trenton -- from ... more »
 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »

Quote of the Day

quote of the day

"Christie’s method for coping with scandal has been more complicated. In January, the seemingly-local issue of lane closings on the George Washington Bridge, which created a massive traffic jam in the Hudson River town of Fort Lee, became one of national interest when it was revealed that one of Christie’s closest staffers had ordered them—for what looked like political retribution against a Democratic mayor. The scandal was quickly dubbed 'Bridgegate,' and unfortunately for Christie, it played into his reputation as a bully. Christie's response was to act unlike himself: humble." - Olivia Nuzzi

- The Daily Beast

Poll

Who is a better field general for his party as both try to win governor's races around the country?:

Blogroll

Visit the PolitickerNJ.com/resources page for links to the best collection of information on New Jersey state government.

 

  • Polls
  • The best blogs
  • Columnists
  • State election results
  • Assembly election results
  • Local party websites
  • And more.

PolitickerNJ.com/resources