Issuer |
City of Ocean City |
State |
New Jersey |
Amount1 |
$85,000,000 |
Type
Issue/Series |
General Improvement Bonds, Series 2019 |
Rating |
S&P: AA |
Bank
Qualified |
No |
Good Faith |
1,700,000 Good Faith check or wire to Issuer prior to bid, as provided in NOS. |
|
Sale Date |
9/19/19 |
Dated Date |
10/10/19 |
Settlement
Date2 |
10/10/19
|
Sale Time |
11:00 AM - 11:15 AM Eastern Time |
|
Interest Due |
3/15, 9/15 |
Principal Due |
9/15/20 - 9/15/33 |
First Interest
Date |
3/15/20 |
Call Dates |
9/15/26 @ Par |
Term Bonds |
No |
Min/Max Bid Price
|
100.000% / 107.000% |
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 Roseland, NJ Attn: Matthew D. Jessup, Esq Email: mjessup@msbnj.com Phone: 973-622-4850 Attn: Sandra S. Jessup, Paralegal Email: SJessup@msbnj.com Phone: 973-622-5258 |
Web
Site |
www.MuniAuction.com |
Contact |
Phoenix Advisors' LLC, Bordentown, NJ Attn: Sherry Tracey Email: stracey@muniadvisors.com Phone: 609-291-0130 |
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