Issuer |
City of Lincoln |
State |
Nebraska |
Amount1 |
$3,700,000 |
Type
Issue/Series |
Certificates of Participation, Series 2019 |
Rating |
Moody's: Aaa |
Bank
Qualified |
No |
Good Faith |
Successful bidder - $37,000 wire to Issuer by 2pm day after sale. See NOS for details. |
|
Sale Date |
7/16/19 |
Dated Date |
8/01/19 |
Settlement
Date2 |
8/01/19
|
Sale Time |
11:15 AM - 11:30 AM Eastern Time |
|
Interest Due |
10/1, 4/1 |
Principal Due |
4/01/20 - 4/01/29 |
First Interest
Date |
10/01/19 |
Call Dates |
4/01/26 @ Par |
Term Bonds |
Allowed - Starting 2020 - Max 1 |
Min. Bid Price
|
98.500% |
Bid Details |
Max. TIC: 3.000%
Max. Coupon: 5.000%
Multiple: Either 1/8th or 1/20th of 1%
Zero Coupons Not Allowed
|
Insurance |
No |
Other Details |
The City requires net proceeds of approximately $3,650,000 to finance the Equipment (as defined in the NOS) and to pay costs of issuance. As a result, the aggregate principal amount of the 2019 Certificates may be adjusted to accomplish such net amount and to provide for substantially level annual debt service and could be sized up to an aggregate stated principal amount of $3,700,000 if pricing is at the minimum aggregate of 98.5%.
Maximum underwriting discount shall not exceed 0.70% |
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
Gilmore & Bell, P.C. Omaha, NE |
Web
Site |
www.AICauction.com |
Contact |
Ameritas Investment Corp. Lincoln, NE Attn: Scott Keene Phone: 402-467-6948 Email: skeene@ameritas.com |
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