Bonds

Bond Offering

General Obligation Refunding Bonds of 2020, Series 3 (Taxable) and 2021, Series 1 (Forward Delivery)

Offering Summary

Bond Details

Par Amount
$297,795,000
Retail Order Period Begins
No early retail period
Sale Date
June 24, 2020
Closing Date
July 15, 2020
Method of Sale
Negotiated
Bond Type
Fixed Rate
Principal Payment Dates
May 1st
Interest Payment Dates
May 1st and November 1st
Optional Redemption
2020 Series 3 Bonds are subject to redemption at any time at the make-whole redemption price; 2020 Series 3 Bonds and 2021 Series 1 Bonds maturing on or after May 1, 2031 are callable at par on May 1, 2030 or any date thereafter
Expected Structure
2020 Series 3 Bonds have serial maturities 2022-2035 and term bonds in 2038 and 2042; 2021 Series 1 Bonds have serial maturities 2026-2031
Denominations
$5,000, or any integral multiples thereof
Tax Status
Interest on the 2020 Series 3 Bonds is included in gross income for federal income tax purposes. Interest on the 2021 Series 1 Bonds is excluded from gross income for federal income tax purposes. See Preliminary Official Statement for details.

Additional Information

$163,955,000 GENERAL OBLIGATION REFUNDING BONDS OF 2020, SERIES 3
(TAXABLE)

$133,840,000 GENERAL OBLIGATION REFUNDING BONDS OF 2021, SERIES 1
(FORWARD DELIVERY)*

*Closing is scheduled for February 2, 2021.

Offering Participants

Senior Manager

Co-Senior Manager

Co-Manager

Municipal Advisor

Bond Counsel