| Issuer |
City of Perth Amboy |
| State |
New Jersey |
|
Amount |
$19,088,000 |
| Type
Issue/Series |
General Obligation Bonds
consisting of
$18,190,000 General Improvement Bonds, and
$898,000 Water/Wastewater Utility Bonds |
|
Rating |
S&P: A+/Stable Outlook |
| Bank
Qualified |
No |
|
Good Faith |
$381,760 wire, check or surety due to the Issuer prior to bid. See NOS for details. |
|
|
Sale Date |
12/11/19 |
|
Dated Date |
12/24/19 |
| Settlement
Date1 |
12/24/19
|
|
Sale Time |
11:00 AM - 11:16 AM Eastern Time |
|
|
Interest Due |
5/1, 11/1 |
| Principal Due |
5/01/20 - 5/01/30 |
| First Interest
Date |
5/01/20 |
| Call Dates |
5/01/26 @ Par |
| Term Bonds |
No |
|
Min/Max Bid Price
|
100.000% / 105.000% |
| 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
Roseland, NJ
Attn: Edward J. McManimon, III, Esq.
Email: emcManimon@msbnj.com
Phone: 973-622-5028 |
| Web
Site |
www.MuniAuction.com |
| Contact |
GB Associates LLC
Livingston, NJ
Attn: Neil Grossman
Phone: 973-994-4314
Email: neggba@verizon.net
|
|
|