The LOC has a stated expiration date of
May 26, 2022, unless extended or earlier terminated, and provides full and sufficient coverage of principal plus an amount equal to 53 days of interest at a maximum rate of 9% based on a year of 365 days and purchase price for tendered bonds, while in the daily and weekly rate modes.
(AA-/F1+/Stable) with a stated expiration date of
May 26, 2022. The bonds will be remarketed as variable rate bonds in the daily interest rate mode.
Bank has a stated expiration date of
May 26, 2022, unless such date is extended or earlier terminated, and provides full and sufficient coverage of principal plus an amount equal to 53 days of interest at a maximum rate of 9% based on a year of 365 days and purchase price for tendered bonds, while in the daily and weekly rate mode.