Issuer |
Sturgeon Bay School District |
State |
Wisconsin |
Amount1 |
$9,950,000 |
Type
Issue/Series |
General Obligation School Building and Improvement Bonds, Series 2020 |
Rating |
Moody's: Aa3 |
Bank
Qualified |
Yes |
Good Faith |
Successful underwriter to check/wire $199,000 by 3:30pm CT on sale date. See NOS for details. |
|
Sale Date |
6/03/20 |
Dated Date |
7/07/20 |
Settlement
Date2 |
7/07/20
|
Sale Time |
11:15 AM - 11:30 AM Eastern Time |
|
Interest Due |
4/1, 10/1 |
Principal Due |
4/01/21 - 4/01/40 |
First Interest
Date |
4/01/21 |
Call Dates |
4/01/28 @ Par |
Term Bonds |
No |
Min/Max Bid Price
|
100.000% / 101.000% |
Bid Details |
Max. Coupon: 5.000%
Multiple: Either 1/8th or 1/20th of 1%
|
Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
Other Details |
The Underwriter is responsible for fees in the amount of $92,334.50. Please see NOS for details.
The initial reoffering prices for the Bonds must not result in an original issue premium which exceeds an amount equal to the sum of (i) 2% of the par amount, plus (ii) any original issue premium that is attributable exclusively to reasonable underwriter's compensation (which excludes any costs of issuance and any bond insurance premium to be paid by the underwriter).
|
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
Quarles & Brady LLP Milwaukee, WI |
Web
Site |
www.MuniAuction.com |
Contact |
PMA Securities, LLC 770 North Jefferson Street, Suite 200 Milwaukee, WI Attn: Phil Hohlweck Phone: 414.436.1943 Email: phohlweck@pmanetwork.com |
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