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<br />City of Lino Lakes, Minnesota <br />Recommendations for Issuance of Bonds <br /> <br />$615,000 Taxable General Obligation Improvement Bonds, Series 2013A <br />The Council has under consideration the issuance of bonds to fund a street improvement project in the City. This <br />document provides information relative to the proposed issuance. <br />KEY EVENTS: The following summary schedule includes the timing of some of the key events that will <br />occur relative to the bond issuance. <br /> <br />May 28, 2013 Council sets sale date and terms <br />Week of June 17, 2013 Rating conference is conducted and receipt of rating <br />June 24, 2013, 10:00 a.m. Competitive proposals are received <br />June 24, 2013, 6:30 p.m. Counc il considers award of the Bonds <br />Mid July, 2013 Proceeds are received <br /> <br />RATING: An application will be made to Moody’s Investors Service for a rating on the Bonds. The <br />City’s general obligation debt is currently rated “Aa2” by Moody’s. <br />THE MARKET: Interest rates for the taxable municipal market are quoted as a spread to U.S. Treasury <br />Securities. To give you an indication of the relative position of that market, the chart below <br />tracks the yield of the 10-yea r and 30-year U.S. Treasury over the last five years. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />St <br />u <br />d <br />y <br /> <br />N <br />o <br />. <br />: <br /> <br />0 <br />0 <br />0 <br />5 <br />0 <br />2 <br />. <br />_ <br />_ <br />_ <br /> <br />Ma <br />y <br /> <br />2 <br />3 <br />, <br /> <br />2 <br />0 <br />1 <br />3 <br />