Issuer |
City of Glens Falls |
State |
New York |
Amount |
$7,000,000 |
Type
Issue/Series |
Public Improvement (Serial) Bonds, 2020 |
Rating |
S&P: A+ (stable outlook) |
Bank
Qualified |
Yes |
Good Faith |
$140,000 by check or wire to Issuer prior to bid, as provided in NOS. |
|
Sale Date |
5/20/20 |
Dated Date |
6/04/20 |
Settlement
Date1 |
6/04/20
|
Sale Time |
06:00 AM - 10:45 AM Eastern Time |
|
Interest Due |
6/1, 12/1 |
Principal Due |
6/01/21 - 6/01/45 |
First Interest
Date |
6/01/21 |
Call Dates |
6/01/28 @ Par |
Term Bonds |
No |
Min/Max Bid Price
|
100.000% / 105.643% |
Bid Details |
Max. Spread: 3.000%
Non-descending Coupons Required - Starting 2021
Multiple: Either 1/8th or 1/20th or 1/100th of 1%
|
Insurance |
Bidder's Option / Bidder Pays / Not Factored into NIC |
Other Details |
Maximum premium bid, if any, shall not exceed $395,000 |
|
Bid Format |
All-Or-None |
Auction Format |
Closed |
Award Basis
|
NIC |
Two-Minute Rule
|
No |
Bond Counsel |
Orrick, Herrington & Sutcliffe LLP New York, NY |
Web
Site |
www.FiscalAdvisorsAuction.com |
Contact |
Fiscal Advisors & Marketing, Inc. 250 South Clinton Street, Suite 502 Syracuse, NY 13202 Attn: Natalie Mousaw Email: nmousaw@fiscaladvisors.com Phone (315) 752-0051 Ext, 325
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