| Issuer |
Lower Merion Township |
| State |
Pennsylvania |
|
Amount1 |
$33,125,000 |
| Type
Issue/Series |
General Obligation Bonds, Series of 2020 |
|
Rating |
S&P: AAA (stable outlook)Moody's: Aaa (stable outlook) |
| Bank
Qualified |
No |
|
Good Faith |
Successful bidder - 2% wire transfer, see NOS for Details |
|
|
Sale Date |
6/17/20 |
|
Dated Date |
7/21/20 |
| Settlement
Date2 |
7/21/20
|
|
Sale Time |
11:00 AM - 11:22 AM Eastern Time |
|
|
Interest Due |
1/15, 7/15 |
| Principal Due |
1/15/21 - 1/15/40 |
| First Interest
Date |
1/15/21 |
| Call Dates |
1/15/28 @ Par |
| Term Bonds |
Allowed |
|
Min. Bid Price
|
98.800% |
| Bid Details |
Multiple: Either 1/8th or 1/20th of 1%
|
| Insurance |
No |
| Other Details |
Equal or Ascending YTMs required and No initial reoffering price maybe less than 99.30%.
no maturity from 2029 through 2033 shall have a coupon exceeding 3.00% |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Saul Ewing Arnstein & Lehr LLP
Philadelphia, PA |
| Web
Site |
www.MuniAuction.com |
| Contact |
Financial S&Lutions LLC
Reading, PA
Attn: Michael D. Vind
Phone: (610) 478-2153
Email: mdv@fsandl.com |
|
|