Issuer |
Montgomery Area School District |
State |
Pennsylvania |
Amount1 |
$9,995,000 |
Type
Issue/Series |
General Obligation Bonds, Series of 2019 |
Rating |
Moody's: A1 |
Bank
Qualified |
Yes |
Good Faith |
The successful bidder to wire $99,950 to the Issuer by 3:00 p.m. on the Sale Date. See NOS for details. |
|
Sale Date |
11/19/19 |
Dated Date |
12/23/19 |
Settlement
Date2 |
12/23/19
|
Sale Time |
12:00 PM - 12:17 PM Eastern Time |
|
Interest Due |
3/1, 9/1 |
Principal Due |
3/01/20 - 9/01/27 |
First Interest
Date |
3/01/20 |
Call Dates |
3/01/25 @ 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 3/1/22. |
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
Mette, Evans & Woodside Harrisburg, PA |
Web
Site |
www.PFMauction.com |
Contact |
PFM Financial Advisors LLC Harrisburg, PA Phone: 717-232-2723 Attn: Jamie Doyle Email: doylej@pfm.com Attn: Melissa Hughes Email: hughesm@pfm.com |
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