Issuer |
City of Norfolk |
State |
Virginia |
Amount1 |
$138,210,000 |
Type
Issue/Series |
General Obligation Capital Improvement Bonds, Series 2019 |
Rating |
Moody's: Aa2S&P: AA+Fitch: AA+ |
Bank
Qualified |
No |
Good Faith |
Successful bidder only. |
|
Sale Date |
1/23/19 |
Dated Date |
2/07/19 |
Settlement
Date2 |
2/07/19
|
Sale Time |
10:15 AM - 10:46 AM Eastern Time |
|
Interest Due |
8/1, 2/1 |
Principal Due |
8/01/19 - 8/01/48 |
First Interest
Date |
8/01/19 |
Call Dates |
8/01/28 @ Par |
Term Bonds |
Allowed |
Min. Bid Price
|
109.000% |
Bid Details |
Max. Coupon: 5.000%
Multiple: Either 1/8th or 1/20th of 1%
Zero Coupons Not Allowed
|
Insurance |
No |
Other Details |
Per the NOS, the coupon for years 2029-2048 is fixed at 5% |
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
McGuireWoods LLP Richmond, VA |
Web
Site |
www.MuniAuction.com |
Contact |
PFM Financial Advisors LLC Arlington, VA Phone: (703) 741-0175
|
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