Issuer |
Township of Lower Merion |
State |
Pennsylvania |
Amount1 |
$8,875,000 |
Type
Issue/Series |
General Obligation Bonds Series B of 2019 |
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 |
6/05/19 |
Dated Date |
7/09/19 |
Settlement
Date2 |
7/09/19
|
Sale Time |
10:30 AM - 10:45 AM Eastern Time |
|
Interest Due |
1/15, 7/15 |
Principal Due |
7/15/20 - 7/15/39 |
First Interest
Date |
1/15/20 |
Call Dates |
7/15/24 @ 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 |
Other Details |
Equal or Ascending YTMs required for Bonds maturing on/after 7/15/20.
No Bond maturing after 7/15/24, shall have a coupon less than 4% |
|
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 Attn: Daniel Kozloff (kozloffd@pfm.com) Telephone: 215-567-6100 Attn: Paul Matteo (matteop@pfm.com) Telephone: 215-557-1294 |
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