Issuer |
Township of Montville |
State |
New Jersey |
Amount1 |
$8,500,000 |
Type
Issue/Series |
General Obligation Bonds, consisting of: $6,844,000* General Improvement Bonds, and $1,656,000* Sewer Utility Bonds |
Rating |
S&P: AAA |
Bank
Qualified |
Yes |
Good Faith |
$170,000 (2% of par) wire or check due prior to bidding. See NOS for details. |
|
Sale Date |
9/19/17 |
Dated Date |
10/03/17 |
Settlement
Date2 |
10/03/17
|
Sale Time |
11:30 AM - 11:45 AM Eastern Time |
|
Interest Due |
4/1, 10/1 |
Principal Due |
10/01/18 - 10/01/27 |
First Interest
Date |
4/01/18 |
Call Dates |
Non-Callable |
Term Bonds |
No |
Min/Max Bid Price
|
100.000% / 108.235% |
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 Phone: 973-622-5280 Attn: Edward J. McManimon, III, Esq. Email: emcmanamon@msbnj.com Attn: Elizabeth Manuel Email: emanuel@msbnj.com |
Web
Site |
www.MuniAuction.com |
|
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