Issuer |
City of Albuquerque |
State |
New Mexico |
Amount1 |
$26,650,000 |
Type
Issue/Series |
General Obligation Bonds consisting of: $14,308,000* General Purpose Bonds Series 2019A $12,342,000* Storm Sewer Bonds, Series 2019B |
Rating |
S&P: AAA and Fitch: AA+ |
Bank
Qualified |
No |
Good Faith |
Winning bidder to wire 2% of par to Issuer by 2pm MT on day of sale. See NOS for details. |
|
Sale Date |
4/03/19 |
Dated Date |
4/23/19 |
Settlement
Date2 |
4/23/19
|
Sale Time |
10:30 AM - 11:00 AM Eastern Time |
|
Interest Due |
7/1, 1/1 |
Principal Due |
7/01/20 - 7/01/32 |
First Interest
Date |
7/01/19 |
Call Dates |
7/01/26 @ Par |
Term Bonds |
Allowed |
Min. Bid Price
|
100.000% |
Bid Details |
Max. Coupon: 5.000%
Max. Spread: 3.000%
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 maximum net effective interest rate permitted on the Bonds is ten percent (10%) per annum.
Each bidder is required to submit an unconditional bid for the Series 2019A AND 2019B Bonds. |
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
Modrall, Sperling, Roehl, Harris & Sisk, P.A., Albuquerque, NM |
Web
Site |
www.MuniAuction.com |
Contact |
RBC Capital Markets Albuquerque, NM Phone: (505) 872-5999 Attn: Erik Harrigan Email: erik.harrigan@rbccm.com |
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