Issuer |
Town of Prosper |
State |
Texas |
Amount1 |
$3,995,000 |
Type
Issue/Series |
General Obligation Bonds, Series 2018 |
Rating |
Moody's: Aa1S&P: AA+ |
Bank
Qualified |
No |
Good Faith |
$79,900 check due prior to bidding. See NOS for details. |
|
Sale Date |
6/26/18 |
Dated Date |
7/26/18 |
Settlement
Date2 |
7/26/18
|
Sale Time |
10:30 AM - 11:35 AM Eastern Time |
|
Interest Due |
2/15, 8/15 |
Principal Due |
2/15/19 - 2/15/38 |
First Interest
Date |
2/15/19 |
Call Dates |
2/15/28 @ Par |
Term Bonds |
Allowed |
Min/Max Bid Price
|
102.000% / 108.000% |
Bid Details |
Max. Coupon: 5.0%
Multiple: Either 1/8th or 1/20th or 1/100th of 1%
|
Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
Other Details |
Bonds maturing on or after 2028, may not be reoffered at a price less than 98.0%.
Even though the Bonds are officially 'Dated' on 6/15/18, Interest will accrue and TIC will be calculated to the 'Delivery Date' of 7/26/18
|
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Settlement Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
McCall Parkhurst & Horton 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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