Issuer |
Quakertown Community School District |
State |
Pennsylvania |
Amount1 |
$6,600,000 |
Type
Issue/Series |
General Obligation Bonds, Series A of 2020 |
Rating |
Moody's Aa3 (Underlying) |
Bank
Qualified |
Yes |
Good Faith |
The successful bidder to wire $66,000 to the Issuer by 3:00 p.m. on the Sale Date. See NOS for details. |
|
Sale Date |
3/03/20 |
Dated Date |
4/08/20 |
Settlement
Date2 |
4/08/20
|
Sale Time |
11:00 AM - 11:15 AM Eastern Time |
|
Interest Due |
3/1, 9/1 |
Principal Due |
9/01/21 - 9/01/42 |
First Interest
Date |
3/01/21 |
Call Dates |
9/01/25 @ 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 |
Coupon shall not be less than 3.00% for Bonds maturing after 9/1/28
Equal or Ascending YTMs required for Bonds maturing on/after 9/1/28 |
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
Fox Rothschild LLP Blue Bell, Pennsylvania |
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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