TERMS* [ Print Page ]    
Norfolk.VA.GOCIB.19.AON
  Issuer City of Norfolk
  State Virginia
  Amount1 $138,210,000
  Type Issue/Series   General Obligation Capital Improvement Bonds,
  Series 2019
  Rating  
  • Moody's: Aa2
  • S&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
    Terms as of 4/26/2024 @ 1:17 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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