| Issuer |
The Board of Education of the Township of Lumberton |
| State |
New Jersey |
|
Amount |
$7,000,000 |
| Type
Issue/Series |
School Bonds
(New Jersey School Bond Reserve) |
|
Rating |
S&P: AA (School Bond Reserve Act rating)
S&P: AA (School District Underlying rating) |
| Bank
Qualified |
Yes |
|
Good Faith |
$140,000 wire transfer, surety bond, or check required prior to bidding. See NOS for details. |
|
|
Sale Date |
8/04/10 |
|
Dated Date |
8/19/10 |
| Settlement
Date1 |
8/19/10
|
|
Sale Time |
11:00 AM - 11:17 AM Eastern Time |
|
|
Interest Due |
8/15, 2/15 |
| Principal Due |
2/15/12 - 2/15/26 |
| First Interest
Date |
8/15/11 |
| Call Dates |
2/15/20 @ Par |
| Term Bonds |
No |
|
Min/Max Bid Price
|
100.000% / 100.014% |
| Bid Details |
Non-descending Coupons Required - Starting 2012
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
|
| Web
Site |
www.MuniAuction.com |
| Contact |
NW Financial Group, L.L.C.
Jersey City, NJ |
|
|