TERMS* [ Print Page ]    
Parsippany.Troy.Hills.NJ.GOs.19.AON
  Issuer Township of Parsippany-Troy Hills
  State New Jersey
  Amount $42,261,000
  Type Issue/Series   General Obligation Bonds, Series 2019,
  consisting of
  $22,803,000 General Improvement Bonds,
  $1,757,000 Open Space Bonds,
  $7,673,000 Water Utility Bonds,
  $9,570,000 Sewer Utility Bonds, and
  $458,000 Golf Course and Recreational Utility Bonds
  Rating   Moody's: Aa2
  Bank Qualified No
  Good Faith $845,220 wire, check or Surety due to the Issuer prior to bid. See NOS for details.

  Sale Date 11/07/19
  Dated Date 11/14/19
  Settlement Date1   11/14/19
  Sale Time 11:15 AM - 11:30 AM Eastern Time

  Interest Due 5/1, 11/1
  Principal Due 5/01/20 - 5/01/39
  First Interest Date   5/01/20
  Call Dates 5/01/26 @ 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: Christopher B. Langhart, Esq
Email: clanghart@msbnj.com
Phone: 973-622-4855
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
Phone: 609-291-0130
Email: stracey@muniadvisors.com
Terms as of 3/28/2024 @ 9:28 am
1Check offering documents or with Issuer and/or FA to ascertain if settlement is Firm or Tentative.
* Disclaimer: This Term Sheet is provided by Grant Street Group for informational purposes and the convenience of bidders. Grant Street Group is not responsible for any inaccuracy in the information displayed. Bidders should carefully review the Notice of Sale and Preliminary Official Statement and decide whether to purchase Bonds solely on the basis of the information provided therein.

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