Series 2019-A General Obligation Bonds

Offering Summary

Par Amount
$20,750,000
Sale Date
01/31/2019
Closing Date
02/26/2019
Method of Sale
Competitive
Principal Payment Dates
August 1, 2020 through 2039
Interest Payment Dates
February 1, 2020
Optional Redemption
Bonds maturing on August 1, 2028 and thereafter are callable in whole or in part on August 1, 2027 at a redemption price of 100%

Notes

Details are preliminary and subject to change.

  • Sale date and time: Thursday, January 31, 2019 at 10:00 a.m. CT
  • Award date and time: Thursday, January 31, 2019 at 7:00 p.m.
  • Dated date/date of delivery is February 26, 2018
  • Good faith deposit equal to 2% of par; we recommend the good faith deposits be provided in the afternoon on the sale date only by the winning bidder due by 1:00 pm
  • Preliminary OS will be dated January 10, 2019

Series 2019-A Bonds (note: the max par sizing and debt schedule is also attached in the amount of $21,620,000):

  • Par is $20,750,000; subject to change
  • Term bonds permitted
  • Principal due August 1, 2020 through 2039
  • First interest due February 1, 2020
  • The initial price to the public for each maturity must be 98.0% or greater.  The minimum bid for the Bonds is 100% of the principal amount of the Bonds, and accrued interest thereon to the date of delivery and accrued interest thereon to the date of delivery.
  • Bonds maturing on August 1, 2028 and thereafter are callable in whole or in part on August 1, 2027 at a redemption price of 100%
  • Good faith deposit: $415,000
  • Registrar is the Treasurer of the State of Kansas
  • Rating applications to Moody’s and S&P; outstanding general obligation bonds are rated “A1” by Moody’s and “AA” by S&P
  • Optional Municipal Bond Insurance

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