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Agenda - Council - 09/28/2021
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Agenda - Council - 09/28/2021
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3/14/2025 3:14:00 PM
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10/8/2021 9:16:23 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
09/28/2021
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BID TABULATION <br />$10,700,000* General Obligation Capital Improvement Plan Refunding Bonds Series 2021A <br />City of Ramsey, Minnesota <br />SALE: September 28, 2021 <br />AWARD: PIPER SANDLER & CO. <br />Rating: S&P Global Ratings "AA+" <br />Tax Exempt - Non -Bank Qualified <br />NAME OF BIDDER <br />MATURITY REOFFERIN <br />(December G <br />15) RATE YIELD <br />PRICE <br />TRUE <br />NET INTERES <br />INTEREST T <br />COST RATE <br />PIPER SANDLER & CO. $11,506,704.2 $738,410.24 1.1432% <br />0 <br />Minneapolis, Minnesota <br />HILLTOPSECURITIES <br />Dallas, Texas <br />2022 3.000% 0.190% <br />2023 3.000% 0.240% <br />2024 3.000% 0.340% <br />2025 3.000% 0.490% <br />2026 3.000% 0.670% <br />2027 3.000% 0.850% <br />2028 3.000% 1.000% <br />2029 2.000% 1.150% <br />2030 2.000% 1.250% <br />2031 2.000% 1.350% <br />$12,128,762.2 $823,607.80 1.2281 % <br />0 <br />BAIRD $11,530,784.6 $804,040.96 1.2421% <br />0 <br />Milwaukee, Wisconsin <br />MORGAN STANLEY & CO, LLC $11,380,562.2 $864,552.21 1.3486% <br />3 <br />New York, New York <br />Subsequent to bid opening the issue size was decreased to $9,845,000. <br />Adjusted Price - $10,590,850.52 Adjusted Net Interest Cost - $709,125.04 <br />A-1 <br />Adjusted TIC - 1.1583% <br />71128706v1 <br />
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