Issuer |
Lower Merion School District |
State |
Pennsylvania |
Amount1 |
$25,930,000 |
Type
Issue/Series |
General Obligation Bonds, Series 2019 |
Rating |
Moody's: Aaa |
Bank
Qualified |
No |
Good Faith |
The successful bidder to wire $259,300 to the Issuer by 3:00 p.m. on the Sale Date. See NOS for details. |
|
Sale Date |
8/06/19 |
Dated Date |
9/10/19 |
Settlement
Date2 |
9/10/19
|
Sale Time |
11:00 AM - 11:19 AM Eastern Time |
|
Interest Due |
5/15, 11/15 |
Principal Due |
11/15/20 - 11/15/31 |
First Interest
Date |
5/15/20 |
Call Dates |
11/15/27 @ Par |
Term Bonds |
Allowed |
Min. Bid Price
|
98.800% |
Bid Details |
Multiple: Either 1/8th or 1/20th of 1%
|
Insurance |
No |
Other Details |
Equal or Ascending YTMs required for Bonds maturing on/after 11/15/23. No Bond maturing on or after 11/15/27, shall have a coupon less than 4.00% |
|
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, PA |
Web
Site |
www.PFMauction.com |
Contact |
PFM Financial Advisors LLC Harrisburg, PA Attn: Chris Bamber (bamberc@pfm.com) Phone: 717-232-2723 |
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