| Issuer |
City of Las Cruces |
| State |
New Mexico |
|
Amount1 |
$18,000,000 |
| Type
Issue/Series |
General Obligation Improvement Bonds
Series 2019 |
|
Rating |
S&P: AA-; Moody's: Aa2; |
| Bank
Qualified |
No |
|
Good Faith |
Winning bidder to wire $360,000 to Issuer by 2:00 pm MT on sale date. See NOS for details. |
|
|
Sale Date |
2/12/19 |
|
Dated Date |
3/13/19 |
| Settlement
Date2 |
3/13/19
|
|
Sale Time |
11:30 AM - 12:09 PM Eastern Time |
|
|
Interest Due |
8/1, 2/1 |
| Principal Due |
8/01/19 - 8/01/30 |
| First Interest
Date |
8/01/19 |
| Call Dates |
8/01/26 @ 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%
|
| Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
| Other Details |
The maximum net effective interest rate on the Bonds is five percent (5%) per annum. |
|
| 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 |
|
|