Issuer |
City of Elgin |
State |
Illinois |
Amount1 |
$9,310,000 |
Type
Issue/Series |
General Obligation Corporate Purpose Bonds, Series 2019 |
Rating |
S&P: AA+/Stable Fitch: AAA/Stable |
Bank
Qualified |
Yes |
Good Faith |
Successful bidder - $186,200 or 2% of Par by check or wire transfer to the Issuer within 2 hours of sale. See NOS for details. |
|
Sale Date |
3/20/19 |
Dated Date |
4/03/19 |
Settlement
Date2 |
4/03/19
|
Sale Time |
10:30 AM - 10:47 AM Eastern Time |
|
Interest Due |
12/15, 6/15 |
Principal Due |
12/15/20 - 12/15/33 |
First Interest
Date |
12/15/19 |
Call Dates |
12/15/26 @ Par |
Term Bonds |
Allowed |
Min. Bid Price
|
99.194% |
Bid Details |
Max. Spread: 3.000%
Non-descending Coupons Required - Starting 2020
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, Illinois |
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 |
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