Issuer |
Township of Mount Olive |
State |
New Jersey |
Amount1 |
$7,416,000 |
Type
Issue/Series |
General Improvement Bonds Series 2016 |
Rating |
Standard & Poor's: AA+ |
Bank
Qualified |
Yes |
Good Faith |
$148,320 Good Faith check or wire to Issuer prior to bid, as provided in NOS. |
|
Sale Date |
10/04/16 |
Dated Date |
10/14/16 |
Settlement
Date2 |
10/14/16
|
Sale Time |
11:00 AM - 11:16 AM Eastern Time |
|
Interest Due |
4/1, 10/1 |
Principal Due |
10/01/17 - 10/01/26 |
First Interest
Date |
4/01/17 |
Call Dates |
Non-Callable |
Term Bonds |
No |
Min/Max Bid Price
|
100.000% / 103.000% |
Bid Details |
Max. Spread: 2.000%
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: Edward J. McManimon, III ESQ. Phone: 973-622-5028 Attn: Elizabeth Manuel, Paralegal Phone: 973-622-5280 |
Web
Site |
www.MuniAuction.com |
|
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