Issuer |
City of Elmhurst |
State |
Illinois |
Amount1 |
$9,990,000 |
Type
Issue/Series |
General Obligation Bonds, Series 2019 |
Rating |
S&P: AAA (Stable Outlook) |
Bank
Qualified |
Yes |
Good Faith |
Successful bidder - $199,800 or 2% of Par by check or wire to Issuer within 2 hours of sale. See NOS for details. |
|
Sale Date |
12/16/19 |
Dated Date |
12/30/19 |
Settlement
Date2 |
12/30/19
|
Sale Time |
10:30 AM - 10:48 AM Eastern Time |
|
Interest Due |
9/1, 3/1 |
Principal Due |
3/01/21 - 3/01/40 |
First Interest
Date |
9/01/20 |
Call Dates |
3/01/28 @ Par |
Term Bonds |
Allowed |
Min. Bid Price
|
99.000% |
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 |
No |
|
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: Mark Jeretina Phone: (312) 529-5887 Email: mjeretina@speerfinancial.com |
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