Issuer |
State of Texas |
Amount1 |
$7,200,000,000 |
Type
Issue/Series |
Tax and Revenue Anticipation Notes Series 2020 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 bidders must submit a signed Bid Commitment Form (see Attachment A to NOS) no later than 5:00 p.m. CT on Tuesday, August 18, 2020, including either (a) Form 1295 or (b) representation in the Bid Commitment Form that Form 1295 is not required. Winning Bidders must submit their Good Faith Deposit (wire) by 2pm CT following the Sale. |
|
Sale Date |
8/19/20 |
Dated Date |
9/02/20 |
Settlement
Date2 |
9/02/20
|
Sale Time |
9:00 AM - 10:00 AM Eastern Time |
|
Interest Due |
8/26/21 |
Maturity Date |
8/26/21 |
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 |
The Notes have been assigned the following CUSIP Number: 882724SY4
Pursuant to the NOS, the Comptroller has set the coupon rate at 4.00%.
|
|
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 |
Stifel Nicolaus & Company, Inc. Gary Machak Dallas, TX Phone: 469-676-5348 (Office) machakg@stifel.com |
Issuer |
Texas Comptroller of Public Accounts Piper Montemayor Public Finance Manager - Treasury Operations Austin, TX Phone: 512-463-6369 TRANTexas@cpa.texas.gov |
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