| Issuer |
City of Ottumwa |
| State |
Iowa |
|
Amount1 |
$500,000 |
| Type
Issue/Series |
Taxable General Obligation Notes,
Series 2016B |
|
Rating |
Moody's: 'A1 |
| Bank
Qualified |
No |
|
Good Faith |
No Good Faith required |
|
|
Sale Date |
11/01/16 |
|
Dated Date |
11/30/16 |
| Settlement
Date2 |
11/30/16
|
|
Sale Time |
12:00 PM - 12:30 PM Eastern Time |
|
|
Interest Due |
6/1, 12/1 |
| Principal Due |
6/01/18 - 6/01/21 |
| First Interest
Date |
6/01/17 |
| Call Dates |
Non-Callable |
| Term Bonds |
Allowed |
|
Min. Bid Price
|
99.200% |
| Bid Details |
Max. Spread: 5.000%
Non-descending Coupons Required - Starting 2018
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.
531 Commercial Street, Suite 608
Waterloo, IA 50701
Telephone: 319-291-2077
Facsimile: 319-291-8628
ATTN: Charlotte Nielsen
Email: cnielsen@speerfinancial.com |
|
|