| Issuer |
Village of Addison |
| State |
Illinois |
|
Amount1 |
$9,525,000 |
| Type
Issue/Series |
General Obligation Bonds,
Series 2016A |
|
Rating |
Standard & Poor's: 'AA'(Stable); Fitch: 'AA+'(Stable) |
| Bank
Qualified |
Yes |
|
Good Faith |
Successful bidder - $190,500 (2% of par) wire/check to Issuer. See NOS for details. |
|
|
Sale Date |
10/03/16 |
|
Dated Date |
10/19/16 |
| Settlement
Date2 |
10/19/16
|
|
Sale Time |
11:00 AM - 11:17 AM Eastern Time |
|
|
Interest Due |
6/15, 12/15 |
| Principal Due |
12/15/21 - 12/15/37 |
| First Interest
Date |
6/15/17 |
| Call Dates |
12/15/24 @ Par |
| Term Bonds |
Allowed |
|
Min. Bid Price
|
99.475% |
| Bid Details |
Max. Spread: 4.000%
Non-descending Coupons Required - Starting 2025
Multiple: Either 1/8th or 1/20th or 1/100th 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 |
Chapman and Cutler LLP,
Chicago, IL |
| Web
Site |
www.SpeerAuction.com |
| Contact |
Speer Financial, Inc.
Chicago, IL
Attn: Brenda Housten
Phone: 312-346-3700 ext. 486
E-mail: bhousten@speerfinancial.com |
|
|