Bond Offering

2020 Consolidated Utility Systems Refunding Revenue Bonds

Offering Summary

Bond Details

Par Amount
Retail Order Period Begins
No early retail period
Sale Date
July 15, 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 2026
Tax Status
Interest on the Bonds is exempt from Federal income tax

Additional Information

The City of Tallahassee Consolidated Utility Systems Refunding Revenue Bonds, Series 2020, will refund outstanding maturities of its 2010B Consolidated Utility Systems Revenue Bonds.  The Summary Notice of Sale was published on July 2, 2020, with the POS/NOS published on July 8.  Closing is planned for August 6, 2020.

Ratings: Fitch - AA+; Standard and Poor's - AA

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

Offering Participants

Municipal Advisor

Bond Counsel

Disclosure Counsel