Issuer |
City of Hiawatha |
State |
Iowa |
Amount1 |
$3,645,000 |
Type
Issue/Series |
General Obligation Capital Loan Notes, Series 2020 |
Rating |
Moody's: A1 (Assigned) |
Bank
Qualified |
Yes |
Good Faith |
Successful bidder - $72,900 (2% of par) good faith wire/check to Issuer. See NOS for details. |
|
Sale Date |
3/04/20 |
Dated Date |
4/02/20 |
Settlement
Date2 |
4/02/20
|
Sale Time |
11:30 AM - 12:00 PM Eastern Time |
|
Interest Due |
12/1, 6/1 |
Principal Due |
6/01/21 - 6/01/30 |
First Interest
Date |
12/01/20 |
Call Dates |
6/01/27 @ Par |
Term Bonds |
Allowed |
Min. Bid Price
|
99.200% |
Bid Details |
Max. Spread: 6.000%
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 |
Closed |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
No |
Bond Counsel |
Ahlers & Cooney, P.C. Des Moines, Iowa |
Web
Site |
www.SpeerAuction.com |
Contact |
Speer Financial, Inc. Waterloo, IA Phone: 319-291-2077 Fax: 319-291-8628 Attn: Charlotte Nielsen Email: cnielsen@speerfinancial.com |
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