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2.4. ERMUSR 10-11-2016
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2.4. ERMUSR 10-11-2016
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City Government
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ERMUSR
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10/11/2016
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EXHIBIT A <br /> BIDS <br /> Springsted Incorporated <br /> A Springsted 380 Jackson Street,Suite 300 <br /> Saint Paul.MN 55101-2887 <br /> Tel:651-223-3000 <br /> Fax:651-223-3002 <br /> Email.aedsors@springstedcom <br /> wrww.springsied.com <br /> $10,000,0000) <br /> CITY OF ELK RIVER,MINNESOTA <br /> ELECTRIC REVENUE BONDS,SERIES 2016A <br /> (BOOK ENTRY ONLY) <br /> AWARD: WELLS FARGO BANK,NATIONAL ASSOCIATION <br /> SALE: • June 14,2016 Moody's Rating: Aa3 <br /> Interest Net Interest True Interest <br /> Bidder Rates Price Cost Rate <br /> WELLS FARGO BANK, 4.00% 2019-2021 $10,382,953.3004 $2770,588.12( 2.3168%(4) <br /> NATIONAL ASSOCIATION 3.00% 2022-2025 <br /> 2.00% 2026-2028 <br /> 2.25% 2029-2030 <br /> 2.50% 2031-2032 <br /> 2.75% 2033 <br /> 3.00% 2034-2036 <br /> PIPER JAFFRAY&CO. 3.00% 2019-2036 510,598,916.00 $2,903,200.67 2.3942% <br /> (5) Subsequent do bid opening,the issue size decreased from 310.000,000 to$9.755.000. <br /> (b) Subsequent to bid opening,the price,net interest cost,and true interest rate have changed 10$10,121,928.65,$2.725.283.09.and <br /> 23191%.respectively. <br /> Public Sector Advisors <br /> 76 <br />
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