Issuer |
Latrobe Municipal Authority |
State |
Pennsylvania |
Amount1 |
$6,200,000 |
Type
Issue/Series |
Sewer Revenue Bonds, Series of 2019 |
Rating |
S&P: A (Stable Outlook) (Underlying) |
Bank
Qualified |
Yes |
Good Faith |
The successful bidder to wire $62,000 to the Issuer by 3:00 p.m. on the Sale Date. See NOS for details. |
|
Sale Date |
10/16/19 |
Dated Date |
10/31/19 |
Settlement
Date2 |
10/31/19
|
Sale Time |
12:00 PM - 12:19 PM Eastern Time |
|
Interest Due |
4/1, 10/1 |
Principal Due |
4/01/21 - 4/01/39 |
First Interest
Date |
4/01/20 |
Call Dates |
4/01/25 @ 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 |
Equal or Ascending YTMs required for Bonds maturing on/after 4/1/27. For Bonds maturing after 4/1/25, the coupon shall not be less than 4.00% |
|
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 Malvern, PA 19355 Phone: (610) 647-5487 Attn: Jamie Doyle Email: doylej@pfm.com Attn: Melissa Hughes Email: hughesm@pfm.com
|
|
|