Issuer |
Township of Montclair |
State |
New Jersey |
Amount1 |
$35,400,000 |
Type
Issue/Series |
General Improvement Bonds, Series 2020A |
Rating |
S&P: AAA (Stable Outlook) |
Bank
Qualified |
No |
Good Faith |
$708,000 Good Faith check or wire to Issuer prior to bid, as provided in NOS. |
|
Sale Date |
9/22/20 |
Dated Date |
10/15/20 |
Settlement
Date2 |
10/15/20
|
Sale Time |
11:00 AM - 11:35 AM Eastern Time |
|
Interest Due |
4/15, 10/15 |
Principal Due |
10/15/21 - 10/15/30 |
First Interest
Date |
4/15/21 |
Call Dates |
10/15/27 @ Par |
Term Bonds |
No |
Min/Max Bid Price
|
100.000% / 110.000% |
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 Attn: Matthew D. Jessup, Esq. Phone: 973-622-4850 Email: MJessup@msbnj.com Attn: Elizabeth Manuel, Paralegal Phone: 973-622-5280 |
Web
Site |
www.MuniAuction.com |
|
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