| Issuer |
Town of Morristown |
| State |
New Jersey |
|
Amount1 |
$12,000,000 |
| Type
Issue/Series |
General Improvement Bonds, Series 2019 |
|
Rating |
S&P: AA+/Stable |
| Bank
Qualified |
No |
|
Good Faith |
$240,000 Good Faith check or wire to Issuer prior to bid, as provided in NOS. |
|
|
Sale Date |
5/02/19 |
|
Dated Date |
5/20/19 |
| Settlement
Date2 |
5/20/19
|
|
Sale Time |
11:00 AM - 11:21 AM Eastern Time |
|
|
Interest Due |
2/1, 8/1 |
| Principal Due |
2/01/20 - 2/01/33 |
| First Interest
Date |
2/01/20 |
| Call Dates |
2/01/26 @ 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
Roseland, NJ
Attn: Matthew D. Jessup, Esq
Phone: 973-622-4850
Attn: Elizabeth Manuel, Paralegal
Phone: 973-622-5280 |
| Web
Site |
www.MuniAuction.com |
|
|