Issuer |
Township of Montgomery |
State |
New Jersey |
Amount1 |
$10,354,000 |
Type
Issue/Series |
General Obligation Bonds consisting of: $8,940,000 General Improvement Bonds, Series 2017A $1,414,000 Sewer Utility Bonds, Series 2017B |
Rating |
Moody's: Aa1 |
Bank
Qualified |
No |
Good Faith |
$207,080 by check, wire, or surety to the Township prior to bidding. |
|
Sale Date |
9/12/17 |
Dated Date |
9/26/17 |
Settlement
Date2 |
9/26/17
|
Sale Time |
11:00 AM - 11:15 AM Eastern Time |
|
Interest Due |
3/1, 9/1 |
Principal Due |
9/01/18 - 9/01/37 |
First Interest
Date |
3/01/18 |
Call Dates |
9/01/27 @ Par |
Term Bonds |
Allowed |
Min/Max Bid Price
|
100.000% / 110.000% |
Bid Details |
Max. Spread: 3.000%
Multiple: Either 1/8th or 1/20th of 1%
|
Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
GluckWalrath LLP Trenton, NJ |
Web
Site |
www.PFMauction.com |
Contact |
PFM Financial Advisors LLC One Keystone Plaza, Suite 300 North Front & Market Streets Harrisburg, PA 17101-2044 Telephone: 717-232-2723 ATTN: Jamie Schlesinger E-mail: schlesingerj@pfm.com ATTN: Melissa Hughes E-mail: hughesm@pfm.com |
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