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City of Ramsey, Minnesota
<br />$3,970,000 General Obligation Bonds, Series 2015A
<br />Assumes Current Market BQ AA+ Rates plus 25bps
<br />Pricing Summary
<br />Type of Maturity
<br />Maturity Bond Coupon Yield Value Price Dollar Price
<br />12/01/2017 Serial Coupon 1.100% 1.100% 170,000.00 100.000% 170,000.00
<br />12/01/2018 Serial Coupon 1.300% 1.300% 175,000.00 100.000% 175,000.00
<br />12/01/2019 Serial Coupon 1.550% 1.550% 175,000.00 100.000% 175,000.00
<br />12/01/2020 Serial Coupon 1.800% 1.800% 180,000.00 100.000% 180,000.00
<br />12/01/2021 Serial Coupon 2.000% 2.000% 180,000.00 100.000% 180,000.00
<br />12/01/2022 Serial Coupon 2.150% 2.150% 185,000.00 100.000% 185,000.00
<br />12/01/2023 Serial Coupon 2.250% 2.250% 190,000.00 100.000% 190,000.00
<br />12/01/2024 Serial Coupon 2.400% 2.400% 195,000.00 100.000% 195,000.00
<br />12/01/2025 Serial Coupon 2.500% 2.500% 195,000.00 100.000% 195,000.00
<br />12/01/2026 Serial Coupon 2.650% 2.650% 200,000.00 100.000% 200,000.00
<br />12/01/2027 Serial Coupon 2.800% 2.800% 210,000.00 100.000% 210,000.00
<br />12/01/2028 Serial Coupon 2.950% 2.950% 215,000.00 100.000% 215,000.00
<br />12/01/2029 Serial Coupon 3.100% 3.100% 220,000.00 100.000% 220,000.00
<br />12/01/2030 Serial Coupon 3.250% 3.250% 225,000.00 100.000% 225,000.00
<br />12/01/2031 Serial Coupon 3.350% 3.350% 235,000.00 100.000% 235,000.00
<br />12/01/2032 Serial Coupon 3.450% 3.450% 240,000.00 100.000% 240,000.00
<br />12/01/2033 Serial Coupon 3.550% 3.550% 250,000.00 100.000% 250,000.00
<br />12/01/2034 Serial Coupon 3.600% 3.600% 260,000.00 100.000% 260,000.00
<br />12/01/2035 Serial Coupon 3.650% 3.650% 270,000.00 100.000% 270,000.00
<br />Total
<br />$3,970,000.00 - $3,970,000.00
<br />Bid Information
<br />Par Amount of Bonds $3,970,000.00
<br />Gross Production $3,970,000.00
<br />Total Underwriter's Discount (1.200%) $(47,640.00)
<br />Bid (98.800%) 3,922,360.00
<br />Total Purchase Price $3,922,360.00
<br />Bond Year Dollars $48,964.67
<br />Average Life 12.334 Years
<br />Average Coupon 3.0448056%
<br />Net Interest Cost (NIC) 3.1421003%
<br />True Interest Cost (TIC) 3.1243978%
<br />2015A GO Fire Station Bon 1 SINGLE PURPOSE 1 1/20/2015 1 2:23 PM
<br />0 LEADERS IN PUBLIC FINANCE
<br />EHLERS
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