Issuer |
Mechanicsburg Area School District |
State |
Pennsylvania |
Amount1 |
$33,915,000 |
Type
Issue/Series |
General Obligation Bonds, Series A of 2019 |
Rating |
S&P: AA (Stable) |
Bank
Qualified |
No |
Good Faith |
The successful bidder to wire $339,150 to the Issuer by 3:00 p.m. on the Sale Date. See NOS for details. |
|
Sale Date |
10/01/19 |
Dated Date |
11/05/19 |
Settlement
Date2 |
11/05/19
|
Sale Time |
12:00 PM - 12:20 PM Eastern Time |
|
Interest Due |
9/1, 3/1 |
Principal Due |
3/01/21 - 3/01/42 |
First Interest
Date |
9/01/20 |
Call Dates |
3/01/28 @ 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 3/1/28. For Bonds maturing after 3/1/28, 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 |
Stock and Leader, LLP, York, PA |
Web
Site |
www.PFMauction.com |
Contact |
PFM Financial Advisors LLC Harrisburg, PA Phone: 717-232-2723 Attn: Brad Remig (remigb@pfm.com) Attn: Melissa Hughes (hughesm@pfm.com)
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