TERMS*	[ Print Page ]
Montclair.Twp.NJ.GOB.20A.AON
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
Terms as of 9/25/2020 @ 10:37 pm 1Preliminary, subject to change 2Check offering documents or with Issuer and/or FA to ascertain if settlement is Firm or Tentative. * Disclaimer: This Term Sheet is provided by Grant Street Group for informational purposes and the convenience of bidders. Grant Street Group is not responsible for any inaccuracy in the information displayed. Bidders should carefully review the Notice of Sale and Preliminary Official Statement and decide whether to purchase Bonds solely on the basis of the information provided therein.
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