Issuer |
Community Unit School District Number 40 (Moline) |
State |
Illinois |
Amount1 |
$14,000,000 |
Type
Issue/Series |
General Obligation Funding School Bonds, Series 2019A |
Rating |
Moody's: Aa2 |
Bank
Qualified |
No |
Good Faith |
Successful bidder - $280,000 (2% of par) good faith wire/check to Issuer. See NOS for details. |
|
Sale Date |
9/09/19 |
Dated Date |
9/26/19 |
Settlement
Date2 |
9/26/19
|
Sale Time |
10:30 AM - 10:45 AM Eastern Time |
|
Interest Due |
8/1, 2/1 |
Principal Due |
2/01/21 - 2/01/28 |
First Interest
Date |
8/01/20 |
Call Dates |
2/01/24 @ Par |
Term Bonds |
Allowed |
Min. Bid Price
|
102.607% |
Bid Details |
Max. Spread: 3.000%
Non-descending Coupons Required - Starting 2024
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 |
Saul Ewing Arnstein & Lehr LLP, Chicago, IL |
Web
Site |
www.SpeerAuction.com |
Contact |
Speer Financial, Inc. Chicago, IL Attn: Brenda Housten Phone: (312) 529-5886 Email: bhousten@speerfinancial.com |
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