HomeMy WebLinkAbout20A Waterloo 7.025 GO Bonds Winning Bid Form$7,025,000 *
City of Waterloo, Black Hawk County, Iowa
General Obligation Bonds, Series 2020A
Best AON Bidder:
Best AON TIC:
UMB Bank
1.345853 %
Serial/
Principal Sinker/
Due Amount * Term Coupon
Jun 1, 2021 $420,000 Serial 2.000%
Jun 1, 2022 $415,000 Serial 2.000%
Jun 1, 2023 $420,000 Serial 2.000%
Jun 1, 2024 $425,000 Serial 2.000%
Jun 1, 2025 $225,000 Serial 2.000%
Jun 1, 2026 $545,000 Serial 2.000%
Jun 1, 2027 $570,000 Serial 2.000%
Jun 1, 2028 $850,000 Serial 2.000%
Jun 1, 2029 $775,000 Serial 2.000%
Jun 1, 2030 $560,000 Serial 2.000%
Jun 1, 2031 $495,000 Serial 2.000%
Jun 1, 2032 $505,000 Serial 2.000%
Jun 1, 2033 $515,000 Serial 2.000%
Jun 1, 2034 $150,000 Serial 2.000%
Jun 1, 2035 $155,000 Serial 2.000%
Purchase Price: $7,355,929.20
Spread: $5.51
Time Submitted: June 2, 2020 at
11:23:52 AM EDT
SpeerAuction Interest Cost Calculations
(for informational purposes only)
Issue Size
$7,025,000
Gross Interest
$1,080,972.22
Plus Discount/(Less Premium)
(330,929.20)
Total Interest Cost
$750,043.02
True Interest Rate
1.345853%
Total Bond Years
54,048.61
Average Life
7.694 Years
Firm: UMB Bank
*Preliminary, subject to change
The foregoing bid as submitted or as revised post sale, if appropriate, was accepted and the
Securities sold by action of this Board, and receipt is hereby acknowledged of the good faith
Deposit, if any, which is being held in accordance with the terms of the annexed Official Notice
of Sale.
Signature: QrAP,n+in }-far+
Title: Mayor