Issuer |
Chambersburg Area School District |
State |
Pennsylvania |
Amount1 |
$7,790,000 |
Type
Issue/Series |
General Obligation Bonds, Series A of 2020 |
Rating |
Moody's: Aa3 |
Bank
Qualified |
Yes |
Good Faith |
The successful bidder to wire $77,900 to the Issuer by 3:00 p.m. on the Sale Date. See NOS for details. |
|
Sale Date |
2/25/20 |
Dated Date |
4/02/20 |
Settlement
Date2 |
4/02/20
|
Sale Time |
11:00 AM - 11:25 AM Eastern Time |
|
Interest Due |
9/1, 3/1 |
Principal Due |
3/01/21 - 3/01/40 |
First Interest
Date |
9/01/20 |
Call Dates |
3/01/25 @ Par |
Term Bonds |
Allowed |
Min. Bid Price
|
98.800% |
Bid Details |
Multiple: Either 1/8th or 1/20th of 1%
|
Insurance |
Bidder's Option / Issuer Pays / Factored into TIC |
Other Details |
Coupon shall not be less than 4.00% for Bonds maturing after 3/1/25 Equal or Ascending YTMs required for Bonds maturing on/after 3/1/27 |
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
Eckert Seamans Cherin & Mellott LLC Harrisburg, Pennsylvania |
Web
Site |
www.PFMauction.com |
Contact |
PFM Financial Advisors LLC Harrisburg, PA Phone: 717-232-2723 Attn: John Frey Email: freyj@pfm.com Attn: Garrett Moore Email: mooreg@pfm.com |
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