Issuer |
City of Lockport |
State |
Illinois |
Amount1 |
$9,900,000 |
Type
Issue/Series |
General Obligation Bonds, Series 2018 |
Rating |
S&P: AA+/Stable |
Bank
Qualified |
Yes |
Good Faith |
Successful bidder - $198,000 (2% of par) good faith wire/check to Issuer. See NOS for details. |
|
Sale Date |
5/02/18 |
Dated Date |
5/22/18 |
Settlement
Date2 |
5/22/18
|
Sale Time |
11:00 AM - 11:23 AM Eastern Time |
|
Interest Due |
6/30, 12/30 |
Principal Due |
12/30/19 - 12/30/28 |
First Interest
Date |
6/30/19 |
Call Dates |
12/30/24 @ Par |
Term Bonds |
Allowed |
Min. Bid Price
|
100.000% |
Bid Details |
Max. Spread: 3.000%
Non-descending Coupons Required - Starting 2019
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 |
Kutak Rock LLP Chicago, IL |
Web
Site |
www.SpeerAuction.com |
Contact |
Speer Financial, Inc. Chicago, IL Attn: Brenda Housten Phone: 312-529-5886 Email: bhousten@speerfinancial.com |
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