| Issuer |
Jersey Shore Area School District |
| State |
Pennsylvania |
|
Amount1 |
$16,265,000 |
| Type
Issue/Series |
General Obligation Bonds
consisting of:
$8,260,000* Series AA of 2010
$8,005,000* Series AAA of 2010 |
|
Rating |
Moody's: A1 |
| Bank
Qualified |
Yes |
|
Good Faith |
Successful bidder required to wire $162,650 to the School District as bid security by 3:00 p.m. on 7/26/10. Financial Advisor will contact the successful bidder with wire instructions. |
|
|
Sale Date |
7/26/10 |
|
Dated Date |
8/27/10 |
| Settlement
Date2 |
8/27/10
|
|
Sale Time |
11:00 AM - 11:15 AM Eastern Time |
|
|
Interest Due |
3/1, 9/1 |
| Principal Due |
3/01/11 - 9/01/20 |
| First Interest
Date |
3/01/11 |
| Call Dates |
9/01/15 @ Par |
| Term Bonds |
Allowed |
|
Min. Bid Price
|
98.800% |
| Bid Details |
Multiple: Either 1/8th or 1/20th of 1%
|
| Insurance |
Bidder's Option / Issuer Pays / Factored into TIC |
| Other Details |
Both the 2010 AA Bonds and the 2010 AAA Bonds will be awarded together in a single auction and then broken out for Commonwealth law purposes. |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Rhoads & Sinon LLP
Harrisburg, PA |
| Web
Site |
www.PFMauction.com |
| Contact |
Public Financial Management, Inc.
One Keystone Plaza, Suite 300
North Front & Market Streets
Harrisburg, PA 17101-2044
Telephone: 717-232-2723
ATTN: Jamie Doyle
E-mail: doylej@pfm.com
ATTN: Ryan Brockman
E-mail: brockmanr@pfm.com |
|
|