Issuer |
Borough of Rutherford |
State |
New Jersey |
Amount |
$9,950,000 |
Type
Issue/Series |
General Obligation Bonds, Series 2018 |
Rating |
S&P: AA+ |
Bank
Qualified |
Yes |
Good Faith |
$199,000 Payable to the Issuer prior to bid. See NOS for details |
|
Sale Date |
11/13/18 |
Dated Date |
11/29/18 |
Settlement
Date1 |
11/29/18
|
Sale Time |
11:30 AM - 11:45 AM Eastern Time |
|
Interest Due |
5/1, 11/1 |
Principal Due |
11/01/19 - 11/01/30 |
First Interest
Date |
5/01/19 |
Call Dates |
Non-Callable |
Term Bonds |
No |
Min/Max Bid Price
|
100.000% / 102.000% |
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 |
Gibbons P.C. Newark, NJ Attn: Scott A. Galano, Esq. Phone: (973) 596-4777 E-mail: sgalano@gibbonslaw.com |
Web
Site |
www.MuniAuction.com |
|
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