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 |
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