| Issuer |
City of Trenton |
| State |
New Jersey |
|
Amount1 |
$22,580,000 |
| Type
Issue/Series |
General Obligation Bonds
Consisting of
$3,172,000* General Improvement Bonds,
$19,348,000* Water Utility Bonds, and
$60,000* Sewer Utility Bonds |
|
Rating |
Moody's: A1 |
| Bank
Qualified |
No |
|
Good Faith |
$451,600 (2% of par) check, wire transfer or a financial surety bond is required prior to bid. |
|
|
Sale Date |
1/05/12 |
|
Dated Date |
1/18/12 |
| Settlement
Date2 |
1/18/12
|
|
Sale Time |
11:00 AM - 11:16 AM Eastern Time |
|
|
Interest Due |
8/1, 2/1 |
| Principal Due |
2/01/13 - 2/01/37 |
| First Interest
Date |
8/01/12 |
| Call Dates |
2/01/22 @ Par |
| 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 |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
McManimon & Scotland, L.L.C.
1037 Raymond Boulevard, Suite 400
Newark, NJ 07102
ATTN: Edward H. 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 |
|
|