Issuer |
City of Palo |
State |
Iowa |
Amount1 |
$440,000 |
Type
Issue/Series |
General Obligation Corporate Purpose Bonds, Series 2019A |
Rating |
Not Rated |
Bank
Qualified |
Yes |
Good Faith |
None |
|
Sale Date |
8/19/19 |
Dated Date |
9/17/19 |
Settlement
Date2 |
9/17/19
|
Sale Time |
11:30 AM - 12:00 PM Eastern Time |
|
Interest Due |
6/1, 12/1 |
Principal Due |
6/01/21 - 6/01/35 |
First Interest
Date |
6/01/20 |
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 |
Dorsey & Whitney LLP, 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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