| Issuer |
The Board of Education of the Township of East Greenwich |
| State |
New Jersey |
|
Amount |
$16,097,000 |
| Type
Issue/Series |
School Bond Sale |
|
Rating |
Standard & Poor's: AA- (underlying); AA- (School Bond Reserve Act) |
| Bank
Qualified |
No |
|
Good Faith |
$321,940 (2% of par) check, wire transfer or a financial surety bond is required prior to bid. |
|
|
Sale Date |
1/12/12 |
|
Dated Date |
2/01/12 |
| Settlement
Date1 |
2/01/12
|
|
Sale Time |
12:00 PM - 12:15 PM Eastern Time |
|
|
Interest Due |
9/1, 3/1 |
| Principal Due |
9/01/13 - 9/01/36 |
| First Interest
Date |
9/01/12 |
| Call Dates |
9/01/22 @ Par |
| Term Bonds |
Allowed |
|
Min/Max Bid Price
|
100.000% / 100.006% |
| Bid Details |
Non-descending Coupons Required - Starting 2013
Multiple: Either 1/8th or 1/20th of 1%
|
| Insurance |
Bidder's Option / Bidder Pays / Not Factored into NIC |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
NIC |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
McManimon & Scotland, L.L.C.
1037 Raymond Boulevard, Suite 400
Newark, NJ 07102
ATTN: Charles Anthony Solimine, Esq.
Telephone: 973-622-4893
E-mail: asolimine@mandslaw.com
ATTN: Terry Anderson
Telephone: 973-622-5161
E-mail: tanderson@mandslaw.com |
| Web
Site |
www.MuniAuction.com |
| Contact |
Phoenix Advisors, LLC
Bordentown, NJ |
|
|