| Issuer |
Borough of State College |
| State |
Pennsylvania |
|
Amount1 |
$9,690,000 |
| Type
Issue/Series |
General Obligation Bonds, Series of 2019
|
|
Rating |
S&P: AA- stable outlook |
| Bank
Qualified |
Yes |
|
Good Faith |
Successful bidder - $96,900 wire transfer to the Issuer. Please see NOS for details. |
|
|
Sale Date |
8/05/19 |
|
Dated Date |
9/04/19 |
| Settlement
Date2 |
9/04/19
|
|
Sale Time |
11:00 AM - 11:27 AM Eastern Time |
|
|
Interest Due |
11/15, 5/15 |
| Principal Due |
11/15/19 - 11/15/33 |
| First Interest
Date |
11/15/19 |
| Call Dates |
11/15/24 @ Par |
| Term Bonds |
Allowed |
|
Min. Bid Price
|
98.800% |
| Bid Details |
Multiple: Either 1/8th or 1/20th of 1%
|
| Insurance |
Bidder's Option / Issuer Pays / Factored into TIC |
| Other Details |
Equal or Ascending YTMs required for Bonds maturing on/after 11/15/24 |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Eckert Seamans Cherin & Mellott LLP,
Harrisburg, PA |
| Web
Site |
www.MuniAuction.com |
| Contact |
Concord Public Financial Advisors, Inc.,
2938 Columbia Avenue, Suite 1002,
Lancaster PA 17603
Attn: Christopher Gibbons
Phone: (717) 295-2300
Email: (CGibbons@ConcordPublicFinance.com)
|
|
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