| Issuer |
City of Lincoln |
| State |
Nebraska |
|
Amount1 |
$24,540,000 |
| Type
Issue/Series |
Sanitary Sewer Revenue Bonds, Series 2019 |
|
Rating |
Moody's: Aa1S&P: AA+ |
| Bank
Qualified |
No |
|
Good Faith |
Successful bidder - $245,400 wire to Issuer by 2pm day after sale. See NOS for details. |
|
|
Sale Date |
7/10/19 |
|
Dated Date |
7/24/19 |
| Settlement
Date2 |
7/24/19
|
|
Sale Time |
11:45 AM - 12:00 PM Eastern Time |
|
|
Interest Due |
12/15, 6/15 |
| Principal Due |
6/15/20 - 6/15/44 |
| First Interest
Date |
12/15/19 |
| Call Dates |
6/15/29 @ Par |
| Term Bonds |
Allowed - Starting 2020 - Max 1 |
|
Min. Bid Price
|
98.000% |
| Bid Details |
Max. TIC: 4.500%
Max. Coupon: 5.000%
Multiple: Either 1/8th or 1/20th of 1%
Zero Coupons Not Allowed
|
| Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
| Other Details |
The City requires net proceeds of approximately $27,900,000 to finance the improvements to the Citys wastewater system (as described below), fund a debt service reserve fund and to pay the costs of issuance. As a result, the aggregate principal amount of the 2019 Bonds 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 $29,000,000 if pricing is at the minimum aggregate of 98%
Maximum underwriting discount shall not exceed 1.0% |
|
| 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 |
|
|