Issuer |
City of Baltimore |
State |
Maryland |
Amount1 |
$47,190,000 |
Type
Issue/Series |
Consolidated Public Improvement Bonds Series 2020A (Tax-Exempt) |
Rating |
Moody's: Aa2S&P: AA |
Bank
Qualified |
No |
Good Faith |
Winning bidder only; $471,900 wire transfer by 2pm ET on sale day. See NOS for details. |
|
Sale Date |
6/16/20 |
Dated Date |
6/29/20 |
Settlement
Date2 |
6/29/20
|
Sale Time |
11:00 AM - 11:15 AM Eastern Time |
|
Interest Due |
10/15, 4/15 |
Principal Due |
10/15/21 - 10/15/40 |
First Interest
Date |
10/15/20 |
Call Dates |
10/15/30 @ Par |
Term Bonds |
Allowed |
Min. Bid Price
|
100.000% |
Bid Details |
Max. Coupon: 4.0%
Multiple: Either 1/8th or 1/20th or 1/100th of 1%
Zero Coupons Not Allowed
|
Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
Other Details |
Bonds may not be reoffered at a price less than 98.50% |
|
Bid Format |
All-Or-None |
Auction Format |
Open |
Award Basis
|
TIC to Dated Date |
Two-Minute Rule
|
Yes |
Bond Counsel |
McKennon Shelton & Henn LLP Baltimore, MD
|
Web
Site |
www.PFMauction.com |
Contact |
PFM Financial Advisors LLC Philadelphia, PA Kathy Clupper, Managing Director Trina Smith, Senior Managing Consultant Phone: (215) 557-1430 Email: clupperk@pfm.com Email: smithtr@pfm.com |
Issuer |
City of Baltimore Jennell A. Rogers Chief, Bureau of Treasury Management Phone: (410) 396-3386 Email: jennell.rogers@baltimorecity.gov |
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