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5.2b ERMUSR 04-13-2021
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5.2b ERMUSR 04-13-2021
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4/15/2021 2:16:53 PM
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City Government
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ERMUSR
date
4/13/2021
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* <br />$12,620,000 <br />City of Elk River, Minnesota <br />Electric Revenue Bonds,Series 2021B <br />ody’s Rating:Aa3 <br />Mo <br />Sale Date: April 13, 2021BBI:2.30% <br />Average Maturity: 17.141Years <br />BidderTIC <br />Hilltop Securities Inc.2.0498% <br />Robert W. Baird & Co., Incorporated2.0847% <br />Northland Securities, Inc.2.1022% <br />UBS Financial Services Inc.2.1213% <br />Bank of America Merrill Lynch2.1375% <br />InterestReofferingReoffering <br />Winning BidderInformationMaturityRateYieldPrice <br />HILLTOP SECURITIES INC.8/1/20225.00% 0.20% 105.829% <br />(No Syndicate Members)8/1/20235.00%0.30%110.375% <br />8/1/20245.00%0.40%114.686% <br />8/1/20255.00%0.50%118.752% <br />8/1/20265.00%0.62%122.448% <br />8/1/20275.00%0.75%125.766% <br />8/1/20285.00%0.90%128.584% <br />8/1/20295.00%1.05%131.015% <br />8/1/20305.00%1.15%133.575% <br />8/1/20315.00% 1.25%135.860% <br />8/1/20323.00% 1.35%115.696% <br />8/1/20332.00% 1.70%102.801% <br />8/1/20342.00%1.75%102.328% <br />8/1/20352.00%1.80%101.857% <br />8/1/20362.00%1.85%101.389% <br />8/1/20372.00% 1.90%100.923% <br />8/1/20392.00% 2.00%100.000% <br />8/1/20402.00%2.05%99.207% <br />8/1/20412.00%2.09%98.520% <br />8/1/20422.00%2.117%98.000% <br />8/1/20432.125% 2.18%99.034% <br />8/1/20442.125%2.21%98.461% <br />8/1/20472.25%2.307%98.875% <br />8/1/20512.25%2.343%98.000% <br />* <br />Purchase Price: $13,348,088.09 <br />* <br />Net Interest Cost: $4,527,147.12 <br />* <br />TIC: 2.0498% <br />*Subsequent to bid opening, the par amountdecreasedto $11,810,000; and the price, net interest cost, and true interest cost have changed to <br />$12,412,389.14, $4,446,880.44, and 2.0702%, respectively. <br />Baker Tilly Municipal Advisors, LLC is a registered municipal advisor and controlledsubsidiary ofBaker Tilly US, LLP, an accounting firm. <br />Baker Tilly US, LLP,trading as Baker Tilly,is a member of the global network of Baker Tilly International Ltd., the members of which are separate and <br />independent legal entities.© 2021Baker Tilly Municipal Advisors, LLC <br />Page 1 |2 <br />
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