| Issuer |
Township of Lower Merion |
| State |
Pennsylvania |
|
Amount1 |
$9,905,000 |
| Type
Issue/Series |
General Obligation Bonds, Series A of 2017 |
|
Rating |
Moody's: 'Aaa'; S&P: 'AAA' |
| Bank
Qualified |
Yes |
|
Good Faith |
The successful bidder to wire 2% to the Township by 4:00 p.m. on the Sale Date. See NOS for details. |
|
|
Sale Date |
9/13/17 |
|
Dated Date |
10/13/17 |
| Settlement
Date2 |
10/13/17
|
|
Sale Time |
10:30 AM - 10:48 AM Eastern Time |
|
|
Interest Due |
4/1, 10/1 |
| Principal Due |
10/01/18 - 10/01/37 |
| First Interest
Date |
4/01/18 |
| Call Dates |
10/01/22 @ Par |
| Term Bonds |
Allowed |
|
Min/Max Bid Price
|
98.500% / 115.000% |
| Bid Details |
Multiple: Either 1/8th or 1/20th of 1%
|
| Insurance |
No |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Saul Ewing Arnstein & Lehr LLP
Philadelphia, PA |
| Web
Site |
www.PFMauction.com |
| Contact |
PFM Financial Advisors LLC
Philadelphia, PA 19103
Attn: Daniel Kozloff (kozloffd@pfm.com)
Telephone: 215-567-6100
Attn: Paul Mattao (matteop@pfm.com)
Telephone: 215-557-1294 |
|
|