Issuer |
Borough of Sayreville |
State |
New Jersey |
Amount |
$7,577,000 |
Type
Issue/Series |
Consisting of: $7,097,000* General Improvement Bonds of 2017 and $480,000* Water Improvement Bonds of 2017 |
Rating |
Moody's: Aa2 |
Bank
Qualified |
Yes |
Good Faith |
$151,540 wire, check or Surety due to the Issuer prior to bid. See NOS for details. |
|
Sale Date |
9/12/17 |
Dated Date |
9/27/17 |
Settlement
Date1 |
9/27/17
|
Sale Time |
11:30 AM - 11:45 AM Eastern Time |
|
Interest Due |
3/15, 9/15 |
Principal Due |
9/15/18 - 9/15/28 |
First Interest
Date |
3/15/18 |
Call Dates |
9/15/25 @ Par |
Term Bonds |
No |
Min/Max Bid Price
|
100.000% / 100.013% |
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 |
McCarter & English, LLP, Newark, NJ |
Web
Site |
www.MuniAuction.com |
Contact |
NW Financial Group, LLC, 2 Hudson Place Hoboken, NJ 07030 Attn: Heather Litzebauer Phone: 201-656-0115 Email: hlitzebauer@nwfinancial.com
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