MICHIGAN
Heron Drain Drainage District
Dec 22, 2016 . . . . . . $840,000
Drain Bonds, Series 2016.
Dated Jan 11, 2017.
Due Oct 1, 2017 to 2026.
Non-callable.
Winning bid: Isabella Bk & Trust, at n/a, TIC 2.0866%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 10/1/17 | $80,000 | 1.00% | NRO | ||
| 10/1/18 | $80,000 | 1.20% | NRO | ||
| 10/1/19 | $80,000 | 1.45% | NRO | ||
| 10/1/20 | $80,000 | 1.65% | NRO | ||
| 10/1/21 | $80,000 | 1.85% | NRO | ||
| 10/1/22 | $85,000 | 1.95% | NRO | ||
| 10/1/23 | $85,000 | 2.10% | NRO | ||
| 10/1/24 | $90,000 | 2.25% | NRO | ||
| 10/1/25 | $90,000 | 2.35% | NRO | ||
| 10/1/26 | $90,000 | 2.45% | NRO |
L.O.: Dickinson Wright PLLC, Detroit, MI.
F.A.: Municipal Financial Consultants, Inc., Detroit, MI; and Municipal Financial Consultants, Inc., Grosse Pointe Farms, MI.
Other bidders were:
Chemical Bank, TIC 2.2492%
Huntington Pub Cap, TIC 2.9505%
J.J.B. Hilliard, TIC 3.6095%
NEW JERSEY
West Orange Township
Dec 22, 2016 . . . . . . $2,100,000
Notes, consisting of $600,000 Special Emergency Notes and $1,500,000 General Improvements Notes (bank qualified).
Dated Dec 29, 2016.
Due May 16, 2017.
Purchased $2,100,000.00 by TD Securities, at 1.75%, plus $2,709.00, effective rate 1.411%.
L.O.: Gibbons P.C., Newark, NJ.
F.A.: Municipal Official(s).
Other bidders were:
Oppenheimer, Effective Rate 2.229%
