TERMS* [ Print Page ]    
Elgin.City.IL.GO.20
  Issuer City of Elgin
  State Illinois
  Amount1 $9,645,000
  Type Issue/Series   Postponed until further notice
  General Obligation Corporate Purpose Bonds, Series 2020B
  Rating  
  • S&P: AA+/Stable Outlook
  • Fitch: AAA/Stable Outlook
  •   Bank Qualified No
      Good Faith Successful bidder - $192,900 or 2% of Par by check or wire to Issuer within 2 hours of sale. See NOS for details.

      Sale Date 4/08/20
      Dated Date 4/01/20
      Settlement Date2   4/01/20
      Sale Time 11:00 AM - 11:15 AM Eastern Time

      Interest Due 12/15, 6/15
      Principal Due 12/15/21 - 12/15/34
      First Interest Date   12/15/20
      Call Dates 12/15/27 @ Par
      Term Bonds Allowed
      Min. Bid Price   99.171%
      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   No
      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
    Terms as of 4/7/2020 @ 4:10 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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