INDIANA
Clay Community Schools
Dec 11, 2008 . . . . . . $3,000,000
General Obligation Bonds of 2008 (book entry).
Dated Dec 30, 2008.
Due Jul 15, 2009 to Jan 15, 2010.
Non-callable.
Winning bid: J.J.B. Hilliard, at n/a, NIC 4.0465%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 7/15/09 | $1,480,000 | 3.00% | 3.00% | ||
| 1/15/10 | $1,520,000 | 3.25% | 3.25% |
L.O.: Barnes & Thornburg LLP, Indianapolis, IN.
F.A.: City Securities Corp., Indianapolis, IN.
IOWA
Grinnell (City)
Jan 5, 2009 . . . . . . $3,700,000
General Obligation Local Option Sales Tax Bonds, Series 2009 (bank qualified) (book entry).
Dated Feb 1, 2009.
Due Jun 1, 2011 to 2018.
Callable any time at par.
Winning bid: Bankers' Bank, at n/a, TIC 3.2847%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 6/1/11 | $435,000 | 2.40% | NRO | NRO | |
| 6/1/12 | $450,000 | 2.60% | NRO | NRO | |
| 6/1/13 | $475,000 | 2.80% | NRO | NRO | |
| 6/1/14 | $495,000 | 3.00% | NRO | NRO | |
| 6/1/15 | $515,000 | 3.20% | NRO | NRO | |
| 6/1/16 | $540,000 | 3.40% | NRO | NRO | |
| 6/1/17 | $565,000 | 3.60% | NRO | NRO | |
| 6/1/18 | $225,000 | 3.80% | NRO | NRO |
Other managers: Lincoln Savings Bank.
L.O.: Ahlers & Cooney, P.C., Des Moines, IA.
F.A.: Piper Jaffray & Company, Des Moines, IA.
Other bidders were:
UMB Bank, TIC 3.4069%
BMO Capital Markets, TIC 3.4177%
Northland Securities, TIC 3.5821%
TAXABLE ISSUES
MINNESOTA
Crosby-Ironton Independent School District No 182
Jan 5, 2009 . . . . . . $5,000,000
General Obligation Taxable OPEB Bonds, Series 2009A (Minnesota School District Credit Enhancement Program) (book entry).
Dated Jan 28, 2009.
Due Feb 1, 2011 to 2019.
Non-callable.
Winning bid: Northland Securities, at n/a, TIC 4.7605%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 2/1/11 | $450,000 | 2.50% | NRO | NRO | |
| 2/1/12 | $470,000 | 3.00% | NRO | NRO | |
| 2/1/13 | $495,000 | 3.50% | NRO | NRO | |
| 2/1/14 | $520,000 | 3.90% | NRO | NRO | |
| 2/1/15 | $545,000 | 4.40% | NRO | NRO | |
| 2/1/16 | $575,000 | 4.75% | NRO | NRO | |
| 2/1/17 | $610,000 | 5.00% | NRO | NRO | |
| 2/1/18 | $645,000 | 5.20% | NRO | NRO | |
| 2/1/19 | $690,000 | 5.40% | NRO | NRO |
Other managers: Bernardi Securities, Inc..
L.O.: Kennedy & Graven, Minneapolis, MN.
F.A.: Ehlers & Associates, Inc., Roseville, MN.
Other bidders were:
Cronin, TIC 4.7618%
BMO Capital Markets, TIC 4.7865%
United Banker's Bk, TIC 4.9063%
Morgan Keegan, TIC 4.9688%
Piper Jaffray, TIC 5.1285%
Stifel Nicolaus, TIC 5.2251%
