| Issuer |
Township of Andover |
| State |
New Jersey |
|
Amount1 |
$3,392,000 |
| Type
Issue/Series |
General Improvement Bonds |
|
Rating |
Standard & Poor's: AA+ (Stable Outlook). |
| Bank
Qualified |
Yes |
|
Good Faith |
$67,840 wire transfer, check, or surety must be received by the Township prior to bidding. See NOS for details. |
|
|
Sale Date |
8/12/10 |
|
Dated Date |
8/26/10 |
| Settlement
Date2 |
8/26/10
|
|
Sale Time |
11:00 AM - 11:15 AM Eastern Time |
|
|
Interest Due |
2/15, 8/15 |
| Principal Due |
8/15/11 - 8/15/20 |
| First Interest
Date |
2/15/11 |
| Call Dates |
Non-Callable |
| Term Bonds |
No |
|
Min. Bid Price
|
100.000% |
| 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 |
Closed |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
No |
| Bond Counsel |
McManimon & Scotland, L.L.C.
1037 Raymond Boulevard, Suite 400
Newark, NJ 07102
ATTN: Edward J. McManimon, III, Esq.
Telephone: 973-622-5028
E-mail: emcmanimon@mandslaw.com
ATTN: Elizabeth Manuel, Paralegal
Telephone: 973-622-5280
E-mail: emanuel@mandslaw.com |
| Web
Site |
www.MuniAuction.com |
|
|