| Issuer |
Township of Parsippany-Troy Hills |
| State |
New Jersey |
|
Amount |
$62,826,000 |
| Type
Issue/Series |
General Obligation Bonds, Series 2017,
consisting of
$43,827,000 General Improvement Bonds, Series 2017A,
$5,119,000 Water Utility Bonds, Series 2017B,
$7,197,000 Sewer Utility Bonds, Series 2017C, and
$6,683,000 Golf and Recreational Utility Bonds, Series 2017D |
|
Rating |
S&P: AA (Stable Outlook) |
| Bank
Qualified |
No |
|
Good Faith |
$1,256,520 wire, check or Surety due to the Issuer prior to bid. See NOS for details. |
|
|
Sale Date |
9/07/17 |
|
Dated Date |
9/20/17 |
| Settlement
Date1 |
9/20/17
|
|
Sale Time |
11:00 AM - 11:18 AM Eastern Time |
|
|
Interest Due |
3/15, 9/15 |
| Principal Due |
9/15/18 - 9/15/30 |
| First Interest
Date |
3/15/18 |
| Call Dates |
9/15/25 @ Par |
| Term Bonds |
No |
|
Min/Max Bid Price
|
100.000% / 102.500% |
| 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 |
DeCotiis, FitzPatrick, Cole & Giblin, LLP
Teaneck, NY |
| Web
Site |
www.MuniAuction.com |
| Contact |
Phoenix Advisors, LLC
Bordentown, NJ
Attn: Sherry Tracey
Phone: 609-291-0130
Email: stracey@muniadvisors.com |
|
|