Issuer |
School District of Pittsburgh |
State |
Pennsylvania |
Amount1 |
$36,260,000 |
Type
Issue/Series |
General Obligation Bonds, Series A of 2019 |
Rating |
Moody's: Aa2 (Stable) |
Bank
Qualified |
No |
Good Faith |
The successful bidder to wire $362,600 to the Issuer by 3:00 p.m. on the Sale Date. See NOS for details. |
|
Sale Date |
9/26/19 |
Dated Date |
10/31/19 |
Settlement
Date2 |
10/31/19
|
Sale Time |
11:00 AM - 11:19 AM Eastern Time |
|
Interest Due |
3/1, 9/1 |
Principal Due |
9/01/21 - 9/01/39 |
First Interest
Date |
3/01/20 |
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 |
Bidder's Option / Issuer Pays / Factored into TIC |
Other Details |
Equal or Ascending YTMs required for Bonds maturing on/after 9/1/26.
No Bond maturing on/after 9/1/27 shall have a coupon less than 4.000% |
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
Law Offices of Wayne D. Gerhold Pittsburgh, PA and R. Darryl Ponton & Associates Pittsburgh, PA Co-Bond Counsel |
Web
Site |
www.PFMauction.com |
Contact |
PFM Financial Advisors LLC Harrisburg, PA Phone: 717-232-2723 Attn: Jamie Doyle (doylej@pfm.com) Attn: Chris Bamber (bamberc@pfm.com)
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