05-11-1994 Current Market Interest RatesMEMORANI) LAM
DATE: May 11, 1994
TO: Mr. Harold Bridges, Vice President Smith Qilleepie Engineer's, Inc.
FROM: Paul E. Esquinaldo, Jr., City Clerk and Treasurer
(SUBJECT: Current Market Interest Rita.
The following Is a summary of the attached proposals for delivery of United States Securities totaling
33,000,000 and maturing thirty years after delivery:
Henderson Securities, Inc., 523 South Louisiana Street, Suite M.100, Little Rook AR 72201
US Treasury Bond 7.125% Coupon (Semi Annual Tnterest) Maturing 02/13/2023
CUSIP: 9128 tOEP (the security's identification number)
94.373 96 purchase price (53,000,000 face value will cost S2,831,250)
7.620% Actual Yield
Municipal Securities. Inc., 5350 Popular Avenue. Suite 300. Mumphls. TN 38119
US Treasury Bond 7.125% Coupon (Semi Annual interest) Maturing 02/15/2023
CUSIP: 912810EP (the security's identification number)
94.6239b purchase price (53,000,000 face value will cost 52,838,750)
7485% Actual Yield
Vining- Sparks, IBG, 6077 Primacy Parkway, Memphis, TN 38119
7,123% Coupon (Sams- Annual Interest) Maturing 02/13/2023
CUSIP: 912810EP (the security's identification number)
93.6875% purchase price ($3.000.000 face value will cost $2,810.625)
7,670% Actual Yield
The Wall Street Journal (Wednesday, May 11, 1994), page 20, section "C" (Money Investing)
US Treasury Bond 7.230% Coupon (Semi Annual 1nterevt) Maturing 08/30/2022
No CUSIP stated but listed as Oovt Bonds Notei
96.1875% reported
7.3$% quoted Actual Yield
The price offerings attached to this memorandum were valid often u 01' the date of this memorandum.
Because the securities market 1s constantly changing the price offering as well as the availability of the
quoted security Is subject to market conditions at the time you are ready to complete the transaction.
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