Bond Offering

2020 Energy System Refunding Revenue Bonds

Offering Summary

Bond Details

Par Amount
Retail Order Period Begins
No early retail period
Sale Date
July 14, 2020
Closing Date
August 6, 2020
Method of Sale
Bond Type
Fixed Rate
Principal Payment Dates
October 1
Interest Payment Dates
October 1 and April 1
Optional Redemption
Expected Structure
Serial maturities 2021 to 2028
Tax Status
Interest on the Bonds will be exempt from Federal income tax

Additional Information

The Bonds were priced competitively on July 14, 2020. The Bonds will refund outstanding maturities of the 2010, 2010A and 2010C Energy System Bonds. The Summary Notice of Sale was published on July 2. The POS and NOS were published on July 7.

Ratings: Moody's - Aa3; S&P Global - AA

The City thanks all of those that submitted bids for our bond issue.  Congratulations to JP Morgan Securities for winning the bid.

Offering Participants

Municipal Advisor

Bond Counsel

Disclosure Counsel