| Issuer |
State of Texas |
|
Amount1 |
$7,200,000,000 |
| Type
Issue/Series |
Tax and Revenue Anticipation Notes
Series 2018
Pursuant to the NOS, the Comptroller has set the coupon rate at 4.00%. |
|
Rating |
Moody's: MIG 1S&P: SP-1+Fitch: F1+ Kroll: K1+ |
|
Good Faith |
As set out in the NOS: to participate:
no later than 5:00 p.m. CDT on Tuesday, August 21, 2018, bidders must:
- Submit a signed Bid Commitment (see Attachment A), including either (a) Form 1295 or (b) representation in the Bid Commitment that a Form 1295 is not required.
- A Good Faith Deposit (wire) is only required from winning bidders. |
|
|
Sale Date |
8/22/18 |
|
Dated Date |
9/05/18 |
| Settlement
Date2 |
9/05/18
|
|
Sale Time |
9:00 AM - 10:00 AM Eastern Time |
|
|
Interest Due |
8/29/19 |
|
Maturity Date |
8/29/19 |
|
Days to Maturity |
358 |
| Day Basis |
Actual/365 |
| Call Dates |
Non-callable |
|
Min. Bid Price
|
$5,000,000 |
|
Min. Bid Increment
|
$5,000,000 |
|
Premium Bids
|
Allowed |
|
Discount Bids
|
Not Allowed |
| Other Details |
Pursuant to the Official Notice Of Sale, the Comptroller has set the coupon rate at 4.00%.
Because the TRANS have a maturity of less than a year (358 days), no MAC Underwriting Assessment will apply.
The Notes have been assigned the following CUSIP Number: 882724GP6
|
|
| Bid Format |
Partial |
| Auction Format |
Closed |
| Award Basis
|
NIC |
| Two-Minute Rule
|
No |
| Bond Counsel |
Orrick, Herrington & Sutcliffe
Austin, TX |
| Web
Site |
www.TRANTexas.com |
| Contact |
George K. Baum & Company
Gary Machak
Dallas, TX
Phone: 214-365-0500 (Office)
machak@gkbaum.com |
| Issuer |
Texas Comptroller of Public Accounts
Paula Griffin
TRAN Project Manager
Austin, TX
Phone: 512-463-6369
Fax: 512-463-6024
TRANTexas@cpa.texas.gov |
|
|