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RES 15-033 Awarding Sale of GO Bonds
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RES 15-033 Awarding Sale of GO Bonds
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7/29/2015 11:01:14 AM
Creation date
7/29/2015 10:56:07 AM
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City Council
Meeting Date
4/28/2015
Document Type
Council Resolutions
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0 EHLERS <br />BID TABULATION LEADERS IN PUBLIC FINANCE <br />$2,675,000* General Obligation Improvement Bonds Series 2015A <br />City of St. Anthony, Minnesota <br />SALE: April 28, 2015 <br />AWARD: UNITED BANKERS' BANK <br />Rating: Standard & Poor's Credit Markets "AA" <br />BBI: 3.52% <br />NET <br />TRUE <br />MATURITY <br />REOFFERING <br />INTEREST <br />INTEREST <br />NAME OF BIDDER <br />(February 1) <br />RATE <br />YIELD PRICE <br />COST <br />RATE <br />UNITED BANKERS' BANK <br />$2,735,827.49 <br />$530,277.51 <br />2.1650% <br />Bloomington, Minnesota <br />2017 <br />2.000% <br />0.600% <br />2018 <br />2.000% <br />0.800% <br />2019 <br />2.000% <br />0.950% <br />2020 <br />2.000% <br />1.150% <br />2021 <br />2.000% <br />1.250% <br />2022 <br />2.000% <br />1.400% <br />2023 <br />2.000% <br />1.550% <br />2024 <br />2.000% <br />1.700% <br />2025 <br />2.250% <br />1.800% <br />2026 <br />2.250% <br />1.950% <br />2027 <br />2.500% <br />2.050% <br />2028 <br />2.500% <br />2.250% <br />2029 <br />2.750% <br />2.400% <br />2030' <br />3.000% <br />2.700% <br />2031' <br />3.000% <br />2.700% <br />Subsequent to bid opening the issue size was decreased to $2,580,000. <br />Adjusted Price - $2,638,683.67 Adjusted Net Interest Cost - $513,975.08 Adjusted TIC - 2.1673% <br />'$385,000 Term Bond due 2031 with mandatory redemption in 2030. <br />0 N a M 1-500-'532-1171 1 www.ehlerc-me r.om <br />
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