| Issuer |
City of Lincoln |
| State |
Nebraska |
|
Amount1 |
$10,290,000 |
| Type
Issue/Series |
Water Revenue Refunding Bonds, Series 2019 |
|
Rating |
Moody's Aa1S&P AA+ |
| Bank
Qualified |
No |
|
Good Faith |
Successful bidder - $102,900 wire to Issuer by 2pm day after sale. See NOS for details. |
|
|
Sale Date |
7/31/19 |
|
Dated Date |
8/20/19 |
| Settlement
Date2 |
8/20/19
|
|
Sale Time |
1:
45 PM - 2:06 PM Eastern Time |
|
|
Interest Due |
2/15, 8/15 |
| Principal Due |
8/15/20 - 8/15/34 |
| First Interest
Date |
2/15/20 |
| Call Dates |
8/15/29 @ Par |
| Term Bonds |
Allowed - Starting 2020 - Max 1 |
|
Min. Bid Price
|
98.000% |
| Bid Details |
Max. TIC: 3.500%
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 funding of approximately $12,000,000 to refund the Refunded Bonds on the Redemption Date. As a result, the aggregate principal amount of the 2019 Bonds may be adjusted to accomplish such net funding and could be sized up to an aggregate stated principal amount of $12,500,000.
Maximum underwriting discount shall not exceed 1.00% |
|
| 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 |
|
|