| Issuer |
The City of Lincoln |
| State |
Nebraska |
|
Amount1 |
$13,545,000 |
| Type
Issue/Series |
Sanitary Sewer Revenue Refunding Bonds
Series 2017 |
|
Rating |
S&P: AA+; Moody's: Aa1 |
| Bank
Qualified |
No |
|
Good Faith |
Successful bidder - 1% ($135,450) wire to Issuer by 2pm day after sale. Please see NOS for details. |
|
|
Sale Date |
9/13/17 |
|
Dated Date |
9/28/17 |
| Settlement
Date2 |
9/28/17
|
|
Sale Time |
11:15 AM - 11:31 AM Eastern Time |
|
|
Interest Due |
12/15, 6/15 |
| Principal Due |
6/15/18 - 6/15/32 |
| First Interest
Date |
12/15/17 |
| Call Dates |
6/15/27 @ Par |
| Term Bonds |
Allowed - Starting 2018 - Max 1 |
|
Min. Bid Price
|
97.000% |
| Bid Details |
Max. TIC: 3.600%
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 funding of approximately $14,660,000 to refund the Refunded Bonds on the Redemption Date. As a result, the aggregate principal amount of the 2017 Bonds may be adjusted to accomplish such net funding and could be sized up to an aggregate stated principal amount of $15,300,000 if pricing is at the minimum aggregate of 97.0%.
Maximum underwriting discount is 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 |
|
|