Issuer |
Northampton Area School District |
State |
Pennsylvania |
Amount1 |
$9,400,000 |
Type
Issue/Series |
General Obligation Bonds, Series of 2020 |
Rating |
Moody's: Aa3 (Negative Outlook) |
Bank
Qualified |
Yes |
Good Faith |
The successful bidder to wire $94,000 to the Issuer by 3:00 p.m. on the Sale Date. See NOS for details. |
|
Sale Date |
1/06/20 |
Dated Date |
2/10/20 |
Settlement
Date2 |
2/10/20
|
Sale Time |
12:00 PM - 12:17 PM Eastern Time |
|
Interest Due |
8/1, 2/1 |
Principal Due |
2/01/21 - 2/01/39 |
First Interest
Date |
8/01/20 |
Call Dates |
2/01/25 @ 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 |
For bonds maturing after 2/1/25, the coupon shall not be less than 4.00% Equal or Ascending YTMs required for Bonds maturing on/after 2/1/27. |
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
King, Spry, Herman, Freund & Faul LLC, Bethlehem, 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: Chris Bamber Email: bamberc@pfm.com |
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