| Issuer |
Community College District No. 509 (Elgin Community College) |
| State |
Illinois |
|
Amount1 |
$37,815,000 |
| Type
Issue/Series |
General Obligation Refunding Bonds, Series 2019 |
|
Rating |
Moody's: Aaa (Stable Outlook) |
| Bank
Qualified |
No |
|
Good Faith |
Successful bidder - $756,300 (2% of par) good faith wire/check to Issuer. See NOS for details. |
|
|
Sale Date |
8/13/19 |
|
Dated Date |
9/16/19 |
| Settlement
Date2 |
9/16/19
|
|
Sale Time |
10:30 AM - 10:45 AM Eastern Time |
|
|
Interest Due |
12/15, 6/15 |
| Principal Due |
12/15/23 - 12/15/34 |
| First Interest
Date |
12/15/19 |
| Call Dates |
12/15/26 @ Par |
| Term Bonds |
Allowed |
|
Min. Bid Price
|
99.207% |
| Bid Details |
Max. Spread: 3.000%
Non-descending Coupons Required - Starting 2023
Multiple: Either 1/8th or 1/20th or 1/100th of 1%
|
| Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
| Other Details |
No Bonds mature in the years 2024-2031 |
|
| 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: Raphaliata T. McKenzie
Phone: (312) 780-2285 or (312) 346-3700
Email: rmckenzie@speerfinancial.com |
|
|