Issuer |
City of Mount Vernon |
State |
Iowa |
Amount1 |
$5,000,000 |
Type
Issue/Series |
General Obligation Urban Renewal Bonds Series 2018 |
Rating |
S&P: AA-/Stable |
Bank
Qualified |
Yes |
Good Faith |
$100,000 (2% of par) within 2 hours of auction end time by check or wire to the Issuer. Please see NOS for details. |
|
Sale Date |
10/01/18 |
Dated Date |
10/30/18 |
Settlement
Date2 |
10/30/18
|
Sale Time |
11:30 AM - 12:00 PM Eastern Time |
|
Interest Due |
6/1, 12/1 |
Principal Due |
6/01/19 - 6/01/33 |
First Interest
Date |
6/01/19 |
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 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 |
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 Attn: Charlotte Nielsen Email: cnielsen@speerfinancial.com Phone: 319-291-2077 Fax: 319-291-8628 |
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