Hanover Select Board Approves $9.9M Bond Sale, New Restaurant Licenses

First Watch restaurant receives approval for alcohol and entertainment licenses while town maintains strong credit rating for short-term borrowing

HANOVER - February 18 - The Hanover Select Board has approved the sale of $9.9 million in bond anticipation notes, maintaining the town's strong AA2 credit rating and securing the highest possible short-term rating from Moody's Investors Service.

The one-year notes, sold to TD Securities LLC at a 4% coupon rate with a net interest cost of 2.9%, will fund…