Issuer |
Township of Lower |
State |
New Jersey |
Amount |
$8,490,000 |
Type
Issue/Series |
General Obligation Bonds, Series 2018 |
Rating |
S&P: AA- (stable) |
Bank
Qualified |
Yes |
Good Faith |
$169,800 wire or check payable to Township prior to bidding. See NOS for details. |
|
Sale Date |
7/19/18 |
Dated Date |
8/03/18 |
Settlement
Date1 |
8/03/18
|
Sale Time |
11:00 AM - 11:17 AM Eastern Time |
|
Interest Due |
1/15, 7/15 |
Principal Due |
7/15/19 - 7/15/30 |
First Interest
Date |
1/15/19 |
Call Dates |
7/15/25 @ Par |
Term Bonds |
Allowed |
Min/Max Bid Price
|
100.000% / 103.000% |
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 |
Archer & Greiner P.C., 10 Highway 35 Red Bank, NJ 07701 Attn: John Cantalupo, Esq. Email: jcantalupo@archerlaw.com Phone: 732-268-8009 |
Web
Site |
www.MuniAuction.com |
|
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