| Issuer |
Hawthorne Borough |
| State |
New Jersey |
|
Amount1 |
$7,989,000 |
| Type
Issue/Series |
General Obligation Bonds
Series 2016
Consisting of:
$7,010,000 General Improvement Bonds,
$679,000 Special Assessment Bonds, and
$300,000 Water Utility Bonds |
|
Rating |
Moody's: 'Aa2' |
| Bank
Qualified |
Yes |
|
Good Faith |
$159,780 wire, check or surety to Issuer prior to bid. |
|
|
Sale Date |
9/28/16 |
|
Dated Date |
10/27/16 |
| Settlement
Date2 |
10/27/16
|
|
Sale Time |
11:30 AM - 11:45 AM Eastern Time |
|
|
Interest Due |
4/15, 10/15 |
| Principal Due |
10/15/17 - 10/15/32 |
| First Interest
Date |
4/15/17 |
| Call Dates |
10/15/26 @ Par |
| Term Bonds |
No |
|
Min/Max Bid Price
|
100.000% / 108.519% |
| 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 & Baumann LLC
Roseland, NJ
Attn: Matthew D. Jessup, Esq.
Phone: 973-622-4850
Email: MJessup@msbnj.com
Attn: Sandra S. Jessup
Phone: 973-622-5258
Email: SJessup@msbnj.com |
| Web
Site |
www.MuniAuction.com |
|
|