Issuer |
City of Elgin |
State |
Illinois |
Amount1 |
$3,240,000 |
Type
Issue/Series |
General Obligation Corporate Purpose Bonds, Series 2020B |
Rating |
S&P: AA+/Stable Outlook Fitch: AAA/Stable Outlook |
Bank
Qualified |
No |
Good Faith |
Successful bidder - $64,800 or 2% of Par by check or wire to Issuer within 2 hours of sale. See NOS for details. |
|
Sale Date |
4/22/20 |
Dated Date |
5/06/20 |
Settlement
Date2 |
5/06/20
|
Sale Time |
11:00 AM - 11:20 AM Eastern Time |
|
Interest Due |
12/15, 6/15 |
Principal Due |
12/15/21 - 12/15/27 |
First Interest
Date |
12/15/20 |
Call Dates |
Non-Callable |
Term Bonds |
Allowed |
Min. Bid Price
|
99.228% |
Bid Details |
Max. Spread: 3.000%
Non-descending Coupons Required - Starting 2021
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: Raphaliata McKenzie Phone: (312) 780-2285 Email: rmckenzie@speerfinancial.com |
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