|
<br />* Subsequent to bid opening, the total issue size was not changed; however, certain individual maturity amounts have changed. As a result,
<br />the price, net interest cost, and true interest cost have changed to $8,420,895.48, $1,942,709.94, and 1.6323%, respectively.
<br />
<br />Baker Tilly Municipal Advisors, LLC is a registered municipal advisor and wholly-owned subsidiary of Baker Tilly US, LLP, an accounting firm.
<br />Baker Tilly US, LLP, trading as Baker Tilly, is a member of the global network of Baker Tilly International Ltd., the members of which are separate and
<br />independent legal entities. © 2020 Baker Tilly Municipal Advisors, LLC
<br />Page 1 | 2
<br />$8,000,000* City of Hugo, Minnesota General Obligation Capital Improvement Plan Bonds, Series 2020A
<br />S&P Rating: AA+
<br />Sale Date: October 5, 2020 BBI: 2.22%
<br /> Average Maturity: 14.273 Years
<br />
<br />Bidder TIC
<br />Robert W. Baird & Co., Incorporated 1.6273%
<br />FHN Financial Capital Markets 1.6999%
<br />Northland Securities, Inc. 1.7476%
<br />Piper Sandler & Co. 1.7570%
<br />Raymond James & Associates, Inc. 1.7883%
<br />Stifel, Nicolaus & Company, Incorporated 1.7974%
<br />
<br />
<br />
<br /> Interest Reoffering Reoffering
<br />Winning Bidder Information Maturity Rate Yield Price
<br />ROBERT W. BAIRD & CO., 2/01/2022 5.00% 0.16% 105.987%
<br /> INCORPORATED 2/01/2023 5.00% 0.17% 110.788%
<br />C.L. King & Associates, Inc. 2/01/2024 5.00% 0.20% 115.488%
<br />Colliers Securities LLC 2/01/2025 5.00% 0.25% 120.015%
<br />Edward Jones 2/01/2026 5.00% 0.35% 124.117%
<br />Loop Capital Markets, LLC 2/01/2027 5.00% 0.51% 127.536%
<br />Northland Securities, Inc. 2/01/2028 4.00% 0.65% 123.650%
<br />Duncan-Williams, Inc. 2/01/2029 4.00% 0.80% 125.464%
<br />Country Club Bank 2/01/2030 4.00% 0.90% 127.421%
<br />Crews & Associates, Inc. 2/01/2031 1.00% 1.00% 100.000%
<br />Sierra Pacific Securities, LLC 2/01/2032 1.10% 1.10% 100.000%
<br />Isaak Bond Investments 2/01/2033 1.20% 1.20% 100.000%
<br />Wintrust Investments, LLC 2/01/2034 1.30% 1.30% 100.000%
<br />SumRidge Partners, LLC 2/01/2035 1.40% 1.40% 100.000%
<br />RBC Capital Markets 2/01/2036 1.50% 1.50% 100.000%
<br />Midland Securities Limited 2/01/2037 1.55% 1.55% 100.000%
<br />FMS Bonds, Inc. 2/01/2038 1.60% 1.60% 100.000%
<br />Central States Capital Markets, LLC 2/01/2039 1.65% 1.65% 100.000%
<br />Multi-Bank Securities, Inc. 2/01/2040 1.70% 1.70% 100.000%
<br />First Southern Securities, LLC 2/01/2046 2.00% 2.00% 100.000%
<br />Commerce Bank
<br />Dinosaur Securities, LLC
<br />First Bankers’ Banc Securities Inc. Purchase Price: $8,438,599.05*
<br />Mountainside Securities LLC Net Interest Cost: $1,902,910.55*
<br />StoneX Financial Inc. TIC: 1.6273%*
<br />United Bankers' Bank
<br />UMB Bank, N.A.
<br />
|