TERMS* [ Print Page ]    
CCD.509.ElginCC.IL.GORs.19.AON
  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
Terms as of 8/20/2019 @ 5:42 am
1Preliminary, subject to change
2Check offering documents or with Issuer and/or FA to ascertain if settlement is Firm or Tentative.
* Disclaimer: This Term Sheet is provided by Grant Street Group for informational purposes and the convenience of bidders. Grant Street Group is not responsible for any inaccuracy in the information displayed. Bidders should carefully review the Notice of Sale and Preliminary Official Statement and decide whether to purchase Bonds solely on the basis of the information provided therein.

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