Issuer |
Township of Mount Olive |
State |
New Jersey |
Amount1 |
$9,925,000 |
Type
Issue/Series |
General Obligation Bonds consisting of: $8,260,000 - General Improvement Bonds, and $1,665,000 - Water Utility Bonds |
Rating |
S&P: AA+/Stable |
Bank
Qualified |
Yes |
Good Faith |
$198,500 Good Faith check or wire to Issuer prior to bid, as provided in NOS. |
|
Sale Date |
9/18/18 |
Dated Date |
10/04/18 |
Settlement
Date2 |
10/04/18
|
Sale Time |
11:00 AM - 11:18 AM Eastern Time |
|
Interest Due |
2/15, 8/15 |
Principal Due |
8/15/19 - 8/15/33 |
First Interest
Date |
2/15/19 |
Call Dates |
8/15/25 @ 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: 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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