Issuer |
Pottstown Borough Authority |
State |
Pennsylvania |
Amount1 |
$7,490,000 |
Type
Issue/Series |
Guaranteed Water Revenue Bonds, Series of 2019 |
Rating |
S&P: AA (Stable Outlook) |
Bank
Qualified |
Yes |
Good Faith |
The successful bidder to wire $74,900 to the Issuer by 3:00 p.m. on the Sale Date. See NOS for details. |
|
Sale Date |
10/16/19 |
Dated Date |
11/14/19 |
Settlement
Date2 |
11/14/19
|
Sale Time |
11:00 AM - 11:16 AM Eastern Time |
|
Interest Due |
12/15, 6/15 |
Principal Due |
12/15/19 - 6/15/27 |
First Interest
Date |
12/15/19 |
Call Dates |
12/15/24 @ 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 6/15/21. |
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
Lamb McErlane PC West Chester, Pennsylvania |
Web
Site |
www.PFMauction.com |
Contact |
PFM Financial Advisors LLC Malvern, PA 19355 Phone: (610) 647-5487 Attn: Jamie Schlesinger Email: schlesinger@pfm.com Attn: Ben Kapenstein Email: kapensteinb@pfm.com
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