| Issuer |
Township of Upper |
| State |
New Jersey |
|
Amount |
$8,000,000 |
| Type
Issue/Series |
General Improvement Bonds |
|
Rating |
S&P: AA (Stable Outlook) |
| Bank
Qualified |
No |
|
Good Faith |
$160,000 wire, check or surety due to the Issuer prior to bid. See NOS for details. |
|
|
Sale Date |
12/03/19 |
|
Dated Date |
12/18/19 |
| Settlement
Date1 |
12/18/19
|
|
Sale Time |
11:00 AM - 11:15 AM Eastern Time |
|
|
Interest Due |
5/15, 11/15 |
| Principal Due |
11/15/20 - 11/15/29 |
| First Interest
Date |
5/15/20 |
| Call Dates |
11/15/26 @ Par |
| Term Bonds |
No |
|
Min/Max Bid Price
|
100.000% / 105.000% |
| Bid Details |
Max. Spread: 2.000%
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 & Baumann, LLC
Roseland, NJ
Attn: Edward J. McManimon, III, Esq.
Email: emcManimon@msbnj.com
Phone: 973-622-5028
Attn: Elizabeth Manuel, Paralegal
Email: emanuel@msbnj.com
Phone: 973-622-5280 |
| Web
Site |
www.MuniAuction.com |
| Contact |
Phoenix Advisors, LLC
Bordentown, NJ
Attn: Sherry Tracey
Phone: 609-291-0130
Email: stracey@muniadvisors.com |
|
|