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HomeMy WebLinkAboutA019 - Results of Sale from November 8, 2022 RESULTS OF SALE CITY OF AMES,IOWA $13,400,000*General Obligation Corporate Purpose Bonds,Series 2022A AWARD JANNEY MONTGOMERY SCOTT LLC SALE DATE: November 8,2022 DATED DATE: November 22,2022 RATING: Moody's Investors Service`Aal BANK QUALIFIED: No BIDDER ADDRESS YEAR RATE JANNEY MONTGOMERY SCOTT LLC Philadelphia, Pennsylvania 2023 5.000% Price 2024 5.000% $14,283,876.70* 2025 5.000% 2026 5.000% NIC 2027 5.000% $3,323,218.30* 2028 5.000% 2029 5.000% TIC 2030 5.000% 3.6422%* 2031 5.000% 2032 5.000% 2033 5.000% 2034 4.000% BIDDER ADDRESS YEAR RATE FIFTH THIRD SECURITIES,INC. Cincinnati,Ohio 2023 5.000% Price 2024 5.000% $14,408,696.30 2025 5.000% 2026 5.000% NIC 2027 5.000% $3,362,053.70 2028 5.000% 2029 5.000% TIC 2030 5.000% 3.6521% 2031 5.000% 2032 5.000% 2033 5.000% 2034 5.000% * Subsequent to the receipt of bids, the City decreased the aggregate par amount of the Bonds to $12,440,000. The resulting Purchase Price decreased to$13,244,268.45,the True Interest Rate decreased to 3.6417%and the Net Interest Cost decreased to$3,019,185.30. 801 Grand Avenue, Suite 3300 Des Moines, Iowa 50309 0 (515) 243-2600 PfM BIDDER ADDRESS YEAR RATE UBS FINANCIAL SERVICES,INC. New York,New York 2023 5.000% Price 2024 5.000% $14,140,496.45 2025 5.000% 2026 5.000% NIC 2027 5.000% $3,323,984.80 2028 5.000% 2029 5.000% TIC 2030 5.000% 3.6754% 2031 5.000% 2032 5.000% 2033 4.000% 2034 4.000% BIDDER i) ADDRESS YEAR RATE - ROBERT W.BAIRD& CO.,INC. Milwaukee,Wisconsin 2023 5.000% Price C.L.KING&ASSOCIATES,INC. Hoboken,New Jersey 2024 5.000% $13,923,934.21 COLLIER SECURITIES LLC Minneapolis,Minnesota 2025 5.000% DAVENPORT&CO.LLC Boston,Massachusetts 2026 5.000% NIC FHN CAPITAL FINANCIAL MARKET Denver,Colorado 2027 5.000% $3,313,243.29 SIERRA PACIFIC SECURITIES New York,New York 2028 5.000% CREWS&ASSOCIATES,INC. Little Rock,Arkansas 2029 5.000% TIC EDWARD JONES Richmond,Virginia 2030 5.000% 3.7077% NORTHLAND SECURITIES Stamford,Connecticut 2031 4.000% COMMERCE BANK,N.A. Jersey City,New Jersey 2032 4.000% UMB BANK,N.A. Memphis,Tennessee 2033 4.000% OPPENHEIMER&CO. Minneapolis,Minnesota 2034 4.000% LOOP CAPITAL Prairie Village,Kansas COUNTRY CLUB BANK Denver,Colorado BNYMELLON CAPITAL MARKETS Los Angeles,California FIRST BANKERS' BANC Chatham,New Jersey DUNCAN-WILLIAMS,INC. Milwaukee,Wisconsin COUNTRY CLUB BANK Montclair,New Jersey BERNARDI SECURITIES,INC. Miami,Florida D.A.DAVIDSON Kansas City,Missouri CELADON FINANCIAL GROUP LLC Denver,Colorado FMS BONDS,INC. Alpharetta,Georgia WAYNE HUMMER&CO. Pleasant Ridge,Michigan FIRST SOUTHERN SECURITIES LLC New York,New York MIDLAND SECURITIES Saint Louis,Missouri MULTI-BANK SECURITIES,INC. Summit,New Jersey INSPEREX Mobile,Alabama ISAAK BOND INVESTMENTS,INC. New York,New York DINOSAUR SECURITIES Chicago, Illinois MOUNTAINSIDE SECURITIES Summit,New Jersey UNITED BANKERS BANK Bloomington,Minnesota CENTRAL TRUST BANK Jefferson City,Missouri BLAYLOCK VAN,LLC Oakland,California CARTY&COMPANY,INC. Memphis,Tennessee SEAPORT GLOBAL LLC New York,New York 1) Preliminary syndicate list;subject to change. City of Ames,Iowa Page 2 $13,400,000*General Obligation Corporate Purpose Bonds,Series 2022A BIDDER ADDRESS YEAR RATE STONEX FINANCIAL INC. Atlanta,Georgia 2023 5.000% Price 2024 5.000% $14,113,290.00 2025 5.000% 2026 5.000% NIC 2027 5.000% $3,351,191.25 2028 5.000% 2029 5.000% TIC 2030 5.000% 3.7106% 2031 5.000% 2032 5.000% 2033 4.000% 2034 4.000% BIDDER ADDRESS YEAR RATE TD SECURITIES New York,New York 2023 5.000% Price 2024 5.000% $14,359,888.05 2025 5.000% 2026 5.000% NIC 2027 5.000% $3,410,861.95 2028 5.000% 2029 5.000% TIC 2030 5.000% 3.7141% 2031 5.000% 2032 5.000% 2033 5.000% 2034 5.000% BIDDER ADDRESS YEAR RATE PIPER SANDLER&CO. Minneapolis,Minnesota 2023 5.000% Price CANTOR FITZGERALD Memphis,Tennessee 2024 5.000% $14,355,259.20 TRUIST SECURITIES Atlanta,Georgia 2025 5.000% 2026 5.000% NIC 2027 5.000% $3,415,490.80 2028 5.000% 2029 5.000% TIC 2030 5.000% 3.7200% 2031 5.000% 2032 5.000% 2033 5.000% 2034 5.000% City of Ames,Iowa Page 3 $13,400,000*General Obligation Corporate Purpose Bonds,Series 2022A BIDDER ADDRESS YEAR RATE J.P.MORGAN SECURITIES LLC New York,New York 2023 5.000% Price ESTRADA,HINOJOSA&CO. San Antonio,Texas 2024 5.000% $14,219,004.65 ACADEMY SECURITIES New York,New York 2025 5.000% 2026 5.000% NIC 2027 5.000% $3,388,090.35 2028 5.000% 2029 5.000% TIC 2030 5.000% 3.7253% 2031 5.000% 2032 5.000% 2033 5.000% 2034 4.000% BIDDER ADDRESS YEAR RATE HILLTOPSECURITIES Dallas, Texas 2023 5.000% Price 2024 5.000% $14,218,479.20 2025 5.000% 2026 5.000% NIC 2027 5.000% $3,388,615.80 2028 5.000% 2029 5.000% TIC 2030 5.000% 3.7260% 2031 5.000% 2032 5.000% 2033 5.000% 2034 4.000% J BIDDER ADDRESS YEAR RATE THE BAKER GROUP Oklahoma City,Oklahoma 2023 5.000% Price 2024 5.000% $14,099,669.82 2025 5.000% 2026 5.000% NIC 2027 5.000% $3,364,811.43 2028 5.000% 2029 5.000% TIC 2030 5.000% 3.7282% 2031 5.000% 2032 5.000% 2033 4.000% 2034 4.000% BIDDER ADDRESS YEAR RATE HUNTINGTON SECURITIES,INC. Chicago, Illinois 2023 6.000% Price 2024 6.500% $14,764,996.50 2025 6.500% 2026 6.500% NIC 2027 6.000% $3,485,867.88 2028 6.000% 2029 6.000% TIC 2030 6.000% 3.7423% 2031 6.000% 2032 5.000% 2033 5.000% 2034 5.000% City of Ames,Iowa Page 4 $13,400,000*General Obligation Corporate Purpose Bonds,Series 2022A BIDDER ADDRESS YEAR RATE KEYBANC CAPITAL MARKETS Cleveland,Ohio 2023 5.000% Price 2024 5.000% $13,971,210.90 2025 5.000% 2026 5.000% NIC 2027 5.000% $3,370,397.85 2028 5.000% 2029 5.000% TIC 2030 5.000% 3.7620% 2031 5.000% 2032 4.000% 2033 4.000% 2034 4.000% BIDDER ADDRESS YEAR RATE FIRST NATIONAL CAPITAL MARKETS Omaha,Nebraska 2023 5.000% Price 2024 5.000% $13,807,422.65 2025 5.000% 2026 5.000% NIC 2027 5.000% $3,484,929.98 2028 5.000% 2029 5.000% TIC 2030 5.000% 3.9199% 2031 4.000% 2032 4.000% 2033 4.100% 2034 4.250% City of Ames,Iowa Page 5 $13,400,000*General Obligation Corporate Purpose Bonds,Series 2022A