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HomeMy WebLinkAboutA020 - Tabulation of Bids TABULATION OF BIDS City of Ames Iowa $6,105,000* General Obligation Refunding Bonds, Series 2011A AWARD: HUTCHINSON, SHOCKEY, ERLEY& CO. RATING: Moody's Investors Service `Aaa' SALE DATE: April 12,2011 COUPON NET INTEREST COST NAME OF BIDDER RATE YEAR &TRUE INTEREST RATE PRICE HUTCHINSON,SHOCKEY,ERLEY&CO. 2.000% 2012-2016 $446,675.16* $6,196,555.00* Chicago, Illinois 2.500% 2017 2.625/0 u o *2018 1.9960/o 3.000% 2019 3.250% 2020 3.350% 2021 PIPER JAFFRAY&CO. 3.000% 2012-2019 $451,868.54 $6,320,628.40 Minneapolis,Minnesota 3.125% 2020 3.250% 2021 1.9990% * Subsequent to the receipt of bids,the City decreased the aggregate par amount of the Bonds to $5,980,000. The resulting Purchase Price decreased to$6,069,680.39,the True Interest Cost increased to 1.9968%and the Net Interest Cost decreased to$439,088.08. t The PFM Group 801 Grand Avenue,Suite 3300 �— Public Financial Management,Inc. Des Moines,Iowa 50309 PFM Asset Management LLC (515)243-2600 PFM Advisors $6,105,000* General Obligation Refunding Bonds, Series 2011A City of Ames, Iowa Tuesday, April 12,2011 Page 2 COUPON NET INTEREST COST [NAME OF BIDDER RATE YEAR &TRUE INTEREST RATE PRICE ROBERT W. BAIRD& CO.,INC. 2.000% 2012-2015 $454,753.48 $6,207,577.35 Milwaukee,Wisconsin 3.000% 2016-2019 MORGAN KEEGAN& CO.,INC 3.125% 2020 2.0296% Memphis, Tennessee 3.250% 2021 C.L.KING&ASSOCIATES New York,New York DAVENPORT& CO.,LLC Richmond,Virginia COASTAL SECURITIES,INC. Houston,Texas SAMCO CAPITAL MARKETS,INC. Houston,Texas KILDARE CAPITAL Philadelphia,Pennsylvania LOOP CAPITAL MARKETS,LLC New York,New York CREWS &ASSOCIATES Little Rock,Arkansas VINING-SPARKS IBG,LTD PARTNERSHIP Chicago,Illinois EDWARD D.JONES& CO. Saint Louis,Missouri ROSS SINCLAIRE ASSOCIATES,LLC Cincinnati, Ohio DUNCAN-WILLIAMS,INC. Memphis, Tennessee WEDBUSH MORGAN SECURITIES Phoenix,Arizona CRONIN& CO.,INC. Minneapolis,Minnesota STIFEL,NICOLAUS & CO.,INC. 2.000% 2012-2014 $455,398.00 $6,197,135.40 Denver, Colorado 2.125% 2015 FIRST SOUTHWEST 2.250% 2016 2.0348% Dallas,Texas 2.500% 2017 OPPENHEIMER& CO. 2.750% 2018 Philadelphia,Pennsylvania 3.000% 2019 3.250% 2020 3.375% 2021 D.A.DAVIDSON& CO. 2.000% 2012-2014 $465,918.81 $6,226,501.75 Denver, Colorado 3.000% 2015-2019 3.125% 2020 2.0760% 3.250% 2021 INCAPITAL LLC 2.000% 2012-2016 $473,011.15 $6,202,502.60 Chicago,Illinois 3.000% 2017-2018 3.500% 2019-2021 2.1084%