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                     

The Back Room

Sources: Why Fox?

With the support of Gov. Chris Christie, Jamie Fox is on the fast track to get back to the Department of Transportation (DOT). The question is why?

Read More >

Wake-Up Call

Morning Digest: September 18th

Guv prospects Fulop and Sweeney add voices to Silva, Stack and striking 1199 SEIU workers UNION CITY – They tried out their blue collar tough guy tonsils today in front of a purple-shirted crowd of striking healthcare workers – two of three as-yet-undeclared Democratic candidates for governor: Jersey City...

Op-Ed

Legislation needed for publicly financed gubernatorial elections

By JEFF BRINDLE It is critical that the Legislature soon enact a pending bill that would ensure the state’s Gubernatorial Public Financing Program is available in the event of a special election for governor.  Not only is there no current legal... Read More >

Contributors

(9-17-14) Viral Video Prompts Questionable NJ Municipal Ordinance -  Socrates said, “While I might disagree with what you say, I will defend to the death your right to say... more »
The Correct Foreign Policy – Neither Fortress America Nor Pax Americana      Last week marked the 75th anniversary of the beginning of World War 2.  It started with the... 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

“We’re going to hold the line until hell freezes over, and when hell freezes over, we’re going to hold the line on ice skates." - Assemblyman Raj Mukherji (D-31), at yesterday's SEIU 1199 rally.

- PolitickerNJ

Poll

Who would make the best running mate for Chris Christie if he lands the GOP nomination for president?:

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