Issuer |
City of The Colony |
State |
Texas |
Amount1 |
$19,580,000 |
Type
Issue/Series |
Combination Tax and Limited Surplus Revenue Certificates of Obligation, Series 2019 |
Rating |
Moody's: Aa2S&P: AA+ |
Bank
Qualified |
No |
Good Faith |
$391,600, check due prior to bidding. See NOS for details. |
|
Sale Date |
1/15/19 |
Dated Date |
2/14/19 |
Settlement
Date2 |
2/14/19
|
Sale Time |
10:00 AM - 11:00 AM Eastern Time |
|
Interest Due |
8/15, 2/15 |
Principal Due |
2/15/20 - 2/15/39 |
First Interest
Date |
8/15/19 |
Call Dates |
2/15/29 @ Par |
Term Bonds |
Allowed |
Min/Max Bid Price
|
103.000% / 108.000% |
Bid Details |
Max. Coupon: 5.000%
Max. Spread: 2.000%
Multiple: Either 1/8th or 1/20th or 1/100th of 1%
|
Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
Other Details |
Even though the Bonds are officially 'Dated' on 1/15/19, Interest will accrue and TIC will be calculated to the 'Delivery Date' of 2/14/19
|
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Settlement Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
Norton Rose Fulbright US LLP, Dallas, TX |
Web
Site |
www.MuniAuction.com |
Contact |
Hilltop Securities Inc. Dallas, TX Attn: Jason Hughes (214.953.8707) Email: jason.hughes@hilltopsecurities.com
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