| Issuer |
Panther Valley School District |
| State |
Pennsylvania |
|
Amount1 |
$7,400,000 |
| Type
Issue/Series |
General Obligation Bonds
Consisting of:
$4,390,000* Series of 2012 and
$3,010,000* Series A of 2012 |
|
Rating |
Moodys Aa3 (negative outlook)(based on State Intercept Program) with an underlying of Moodys A2 |
| Bank
Qualified |
Yes |
|
Good Faith |
Successful bidder will be required to wire $74,000 to the School District as bid security by 3:00 p.m. on 12/1/2011. The Financial Advisor will contact the successful bidder to provide wire instructions for the bid security. |
|
|
Sale Date |
12/01/11 |
|
Dated Date |
1/12/12 |
| Settlement
Date2 |
1/12/12
|
|
Sale Time |
11:00 AM - 11:15 AM Eastern Time |
|
|
Interest Due |
8/1, 2/1 |
| Principal Due |
2/01/13 - 2/01/28 |
| First Interest
Date |
8/01/12 |
| Call Dates |
2/01/17 @ 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 |
|
| 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
ATTN: Jamie Doyle
E-mail: doylej@pfm.com
ATTN: Ryan Brockman
E-mail: brockmanr@pfm.com
Telephone: 717-232-2723 |
|
|