| Issuer |
Madison Area Technical College District |
| State |
Wisconsin |
|
Amount |
$7,050,000 |
| Type
Issue/Series |
General Obligation Promissory Notes, Series 2011-12B |
|
Rating |
Moody's: Aaa; Standard & Poor's: AAA |
| Bank
Qualified |
No |
|
Good Faith |
Successful bidder only is required to submit a 2% of par good faith wire transfer or certified cashier's check payable to the District Treasurer by 3:30 PM CST on the next business day following the award. |
|
|
Sale Date |
1/11/12 |
|
Dated Date |
2/01/12 |
| Settlement
Date1 |
2/01/12
|
|
Sale Time |
10:45 AM - 11:03 AM Eastern Time |
|
|
Interest Due |
9/1, 3/1 |
| Principal Due |
3/01/13 - 3/01/21 |
| First Interest
Date |
9/01/12 |
| Call Dates |
Non-Callable |
| Term Bonds |
No |
|
Min/Max Bid Price
|
100.000% / 104.000% |
| Bid Details |
Max. Coupon: 4.000%
Max. Spread: 3.000%
Non-descending Coupons Required - Starting 2013
Multiple: Either 1/8th or 1/20th of 1%
|
| Insurance |
No |
| Other Details |
Attorneys fees, Rating Agency fees, Financial Advisor fees, the cost of preparing and printing the Notes, the cost of printing and mailing the Official Notice of Sale, the Preliminary Official Statement and the Official Statement and miscellaneous expenses of said District incurred in connection with the offering and delivery of the Notes shall all be the obligation of said District.
The Underwriter is responsible for the Disclosure Counsel fee in the amount of $2,750.00. |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Quarles & Brady LLP,
411 E. Wisconsin Ave.
Milwaukee, WI 53202-4497
Telephone: 414-277-5000 |
| Web
Site |
www.MuniAuction.com |
| Contact |
PMA Securities, Inc.
2135 CityGate Lane, 7th Floor
Naperville, IL 60563
Attention: Jennifer Currier
Telephone: 630-657-6443
Facsimile: 630-718-8701
E-Mail: jcurrier@pmanetwork.com |
|
|