Issuer |
City of Rio Rancho |
State |
New Mexico |
Amount1 |
$14,100,000 |
Type
Issue/Series |
General Obligation Improvement Bonds, Series 2018 |
Rating |
Moody's: 'Aa3' |
Bank
Qualified |
No |
Good Faith |
Successful bidder only |
|
Sale Date |
8/08/18 |
Dated Date |
8/28/18 |
Settlement
Date2 |
8/28/18
|
Sale Time |
12:00 PM - 12:41 PM Eastern Time |
|
Interest Due |
2/1, 8/1 |
Principal Due |
8/01/19 - 8/01/30 |
First Interest
Date |
2/01/19 |
Call Dates |
8/01/25 @ 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%
Zero Coupons Not Allowed
|
Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
Other Details |
The maximum net effective interest rate permitted on the Bonds is ten percent (10%) 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 |
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