| Issuer |
City of Highland Park |
| State |
Illinois |
|
Amount1 |
$4,910,000 |
| Type
Issue/Series |
General Obligation Refunding Bonds,
Series 2011B |
|
Rating |
Moody's: Aaa |
| Bank
Qualified |
Yes |
|
Good Faith |
$100,000 (2% of par) wire, surety or check due prior to bid. See NOS for more details. |
|
|
Sale Date |
11/28/11 |
|
Dated Date |
12/13/11 |
| Settlement
Date2 |
12/13/11
|
|
Sale Time |
11:15 AM - 11:34 AM Eastern Time |
|
|
Interest Due |
6/30, 12/30 |
| Principal Due |
12/30/12 - 12/30/22 |
| First Interest
Date |
6/30/12 |
| Call Dates |
12/30/19 @ Par |
| Term Bonds |
Allowed - Starting 2012 - Max 5 |
|
Min. Bid Price
|
99.350% |
| Bid Details |
Max. Spread: 2.000%
Non-descending Coupons Required - Starting 2012
Multiple: Either 1/8th or 1/20th or 1/100th of 1%
|
| Insurance |
No |
| Other Details |
The premium or discount, if any, is subject to pro rata adjustment if the maturity amounts of the Series 2011B Bonds are changed, allowing the same dollar amount of profit per $1,000 bond as submitted on the Official Bid Form.
The City will pay for the legal opinion.
The underwriter agrees to apply for CUSIP numbers
within 24 hours and pay the fee charged by the CUSIP Service Bureau and will accept the Series 2011B Bonds with the CUSIP numbers as entered on the Series 2011B Bonds. |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Chapman and Cutler LLP,
Chicago, IL |
| Web
Site |
www.SpeerAuction.com |
| Contact |
Speer Financial, Inc.
One North LaSalle Street, Suite 4100
Chicago, IL 60602
ATTN: Barbara Chevalier
Telephone: 312-780-2282
Email: bchevalier@speerfinancial.com |
|
|