Issuer |
City of Mount Vernon |
State |
Iowa |
Amount1 |
$2,260,000 |
Type
Issue/Series |
General Obligation Refunding Capital Loan Notes, Series 2019 |
Rating |
S&P: AA-/Stable |
Bank
Qualified |
Yes |
Good Faith |
Successful bidder - $45,200 wire transfer to the Issuer. Please see NOS for details. |
|
Sale Date |
9/03/19 |
Dated Date |
10/01/19 |
Settlement
Date2 |
10/01/19
|
Sale Time |
11:30 AM - 12:00 PM Eastern Time |
|
Interest Due |
12/1, 6/1 |
Principal Due |
6/01/20 - 6/01/29 |
First Interest
Date |
12/01/19 |
Call Dates |
6/01/25 @ Par |
Term Bonds |
Allowed |
Min. Bid Price
|
99.200% |
Bid Details |
Max. Spread: 6.000%
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 |
Closed |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
No |
Bond Counsel |
Ahlers & Cooney, P.C., Des Moines, IA |
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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