| Issuer |
South Fayette Township School District |
| State |
Pennsylvania |
|
Amount1 |
$5,595,000 |
| Type
Issue/Series |
General Obligation Bonds
consisting of:
$3,100,000* Series A of 2020
$2,495,000* Series AA of 2020 |
|
Rating |
Moody's: Aa2 (Underlying) |
| Bank
Qualified |
Yes |
|
Good Faith |
The successful bidder to wire $55,950 to the Issuer by 3:00 p.m. on the Sale Date. See NOS for details. |
|
|
Sale Date |
7/13/20 |
|
Dated Date |
8/17/20 |
| Settlement
Date2 |
8/17/20
|
|
Sale Time |
12:00 PM - 12:15 PM Eastern Time |
|
|
Interest Due |
10/1, 4/1 |
| Principal Due |
10/01/21 - 10/01/35 |
| First Interest
Date |
10/01/20 |
| Call Dates |
10/01/25 @ Par |
| Term Bonds |
Allowed |
|
Min. Bid Price
|
98.800% |
| Bid Details |
Multiple: Either 1/8th or 1/20th of 1%
|
| Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
| Other Details |
Equal or Ascending YTMs required for the 2020A Bonds maturing on/after 10/1/30
Equal or Ascending YTMs required for the 2020AA Bonds maturing on/after 10/1/25 |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Dinsmore & Shohl LLP
Pittsburgh, Pennsylvania |
| Web
Site |
www.PFMauction.com |
| Contact |
PFM Financial Advisors LLC
Harrisburg, PA
Phone: 717-232-2723
Attn: Jamie Doyle
Email: doylej@pfm.com
Attn: Karli Boyer
Email: boyerk@pfm.com |
|
|