| Issuer |
Township of Princeton |
| State |
New Jersey |
|
Amount |
$8,000,000 |
| Type
Issue/Series |
General Improvement Bonds,
Series 2011B |
|
Rating |
Standard & Poor's: AAA |
| Bank
Qualified |
Yes |
|
Good Faith |
$160,000 (2% of par) wire transfer, surety bond, or check made payable to Township is required prior to bid. |
|
|
Sale Date |
12/07/11 |
|
Dated Date |
12/21/11 |
| Settlement
Date1 |
12/21/11
|
|
Sale Time |
11:00 AM - 11:15 AM Eastern Time |
|
|
Interest Due |
6/15, 12/15 |
| Principal Due |
12/15/12 - 12/15/26 |
| First Interest
Date |
6/15/12 |
| Call Dates |
12/15/19 @ Par |
| Term Bonds |
No |
|
Min. Bid Price
|
100.000% |
| Bid Details |
Max. Spread: 2.000%
Multiple: Either 1/8th or 1/20th of 1%
|
| Insurance |
No |
| Other Details |
Bidders may bid to purchase Bonds from the Township with an original issue premium.
To the extent that any bid submitted includes an original issue premium, the original issue premium shall not exceed an amount equal to the first three years of accrued interest on the Bonds, calculated from the issue date of the Bonds. |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
McManimon & Scotland, L.L.C.
Newark, NJ 07102
Attn: Sandra S. Jessup
Telephone: 973-622-5258
|
| Web
Site |
www.MuniAuction.com |
| Contact |
Phoenix Advisors, LLC
4 West Park Street
Bordentown, NJ 08505
Attn: Sherry Tracey
Telephone: 609-291-0130
Fax: 609-291-9940 |
|
|