TERMS* [ Print Page ]    
  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
Terms as of 7/22/2019 @ 1:32 pm
1Preliminary, subject to change
2Check offering documents or with Issuer and/or FA to ascertain if settlement is Firm or Tentative.
* Disclaimer: This Term Sheet is provided by Grant Street Group for informational purposes and the convenience of bidders. Grant Street Group is not responsible for any inaccuracy in the information displayed. Bidders should carefully review the Notice of Sale and Preliminary Official Statement and decide whether to purchase Bonds solely on the basis of the information provided therein.

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