| Issuer |
Borough of Hawthorne |
| State |
New Jersey |
|
Amount |
$8,411,000 |
| Type
Issue/Series |
General Obligation Bonds, Series 2019,
consisting of:
$5,090,000 General Improvement Bonds
$2,685,000 Water Utility Bonds and
$636,000 Special Assessment Bonds |
|
Rating |
Moody's: Aa2 (Stable Outlook) |
| Bank
Qualified |
Yes |
|
Good Faith |
$168,220 Good Faith check or wire to Issuer prior to bid, as provided in NOS. |
|
|
Sale Date |
6/26/19 |
|
Dated Date |
7/17/19 |
| Settlement
Date1 |
7/17/19
|
|
Sale Time |
11:00 AM - 11:15 AM Eastern Time |
|
|
Interest Due |
1/15, 7/15 |
| Principal Due |
7/15/20 - 7/15/33 |
| First Interest
Date |
1/15/20 |
| Call Dates |
7/15/27 @ Par |
| Term Bonds |
No |
|
Min/Max Bid Price
|
100.000% / 106.000% |
| 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 & Baumann, LLC
Roseland, NJ
Attn: Matthew D. Jessup, Esq
Email: mjessup@msbnj.com
Phone: 973-622-4850
Attn: Sandra S. Jessup, Paralegal
Email: SJessup@msbnj.com
Phone: 973-622-5280 |
| Web
Site |
www.MuniAuction.com |
|
|