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<br />Preliminary
<br />$8,380,000
<br />City of Hugo, Minnesota
<br />General Obligation Tax Abatement Bonds, Series 2021A
<br />Pricing Summary
<br />Maturity Type of Bond Coupon Yield Maturity
<br />Value
<br />Price YTM Call Date Call Price Dollar Price
<br />02/01/2023 Serial Coupon 3.000%0.350%270,000.00 103.477% ---279,387.90
<br />02/01/2024 Serial Coupon 3.000%0.400%335,000.00 105.989% ---355,063.15
<br />02/01/2025 Serial Coupon 3.000%0.550%345,000.00 108.040% ---372,738.00
<br />02/01/2026 Serial Coupon 3.000%0.700%360,000.00 109.762% ---395,143.20
<br />02/01/2027 Serial Coupon 3.000%0.750%370,000.00 111.704% ---413,304.80
<br />02/01/2028 Serial Coupon 3.000%0.850%380,000.00 113.194% ---430,137.20
<br />02/01/2029 Serial Coupon 3.000%0.100%390,000.00 121.135% ---472,426.50
<br />02/01/2030 Serial Coupon 3.000%1.100%400,000.00 115.059% ---460,236.00
<br />02/01/2031 Serial Coupon 2.000%1.200%415,000.00 107.031% ---444,178.65
<br />02/01/2032 Serial Coupon 2.000%1.350%425,000.00 105.671%c 1.407%02/01/2031 100.000%449,101.75
<br />02/01/2033 Serial Coupon 2.000%1.450%430,000.00 104.776%c 1.538%02/01/2031 100.000%450,536.80
<br />02/01/2034 Serial Coupon 2.000%1.500%440,000.00 104.331%c 1.611%02/01/2031 100.000%459,056.40
<br />02/01/2035 Serial Coupon 1.650%1.650%450,000.00 100.000% ---450,000.00
<br />02/01/2036 Serial Coupon 1.700%1.700%455,000.00 100.000% ---455,000.00
<br />02/01/2037 Serial Coupon 1.750%1.750%465,000.00 100.000% ---465,000.00
<br />02/01/2038 Serial Coupon 1.775%1.775%470,000.00 100.000% ---470,000.00
<br />02/01/2039 Serial Coupon 1.800%1.800%480,000.00 100.000% ---480,000.00
<br />02/01/2040 Serial Coupon 1.850%1.850%490,000.00 100.000% ---490,000.00
<br />02/01/2041 Serial Coupon 1.900%1.900%500,000.00 100.000% ---500,000.00
<br />02/01/2042 Serial Coupon 1.925%1.925%510,000.00 100.000% ---510,000.00
<br />Total ---$8,380,000.00 -----$8,801,310.35
<br />Bid Information
<br />Par Amount of Bonds.......................................................................................................................................................$8,380,000.00
<br />Reoffering Premium or (Discount)....................................................................................................................................421,310.35
<br />Gross Production..............................................................................................................................................................$8,801,310.35
<br />Total Underwriter's Discount (1.100%)...........................................................................................................................$(92,180.00)
<br />Bid (103.928%).................................................................................................................................................................8,709,130.35
<br />Total Purchase Price.........................................................................................................................................................$8,709,130.35
<br />Bond Year Dollars............................................................................................................................................................$97,518.67
<br />Average Life.....................................................................................................................................................................11.637 Years
<br />Average Coupon..............................................................................................................................................................2.0212086%
<br />Net Interest Cost (NIC)......................................................................................................................................................1.6837036%
<br />True Interest Cost (TIC)....................................................................................................................................................1.6524395%
<br />2021A GO Tax Abatement Bo | SINGLE PURPOSE | 7/23/2021 | 9:39 AM
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