Barnstable secures bids for $12.7M, 20-year bond issue AAA bond rating reaffirmed The Barnstable Patriot The Town of Barnstable received competitive bids for a $12,695,000, 20-year general obligation bond issue, Barnstable Treasurer Debra Blanchette announced Wednesday. Morgan Stanley & Co. was the winning bidder on the bonds, with an average interest rate of 1.33%. The town received a total of 10 bids on the bonds, whose proceeds will be used to finance various municipal projects. Together with the town's available funds and refinance bonds originally issued June 15, 2010 and June 14, 2011, the refinancing will generate $1,071,079 in gross budgetary savings over the remaining life of the bonds refunded, Blanchette said.