CUSIP 249174UP6

• ISIN: US249174UP67
• Entity Name: School District No. 1 in the City and County of Denver, State of Colorado
• Sector: Municipal Agency
• Announcement Date: 05-Jan-2017
• Effective Date: *****
• Issue Date: *****
• Maturity Date: 01-Dec-2031
• Country of Issuer: United States
• Region: N.Amer
• Issue Currency: United States of America Dollars
• CA Type: Coupon Default
• News: The District is party to a debt service forward delivery agreement with a counterparty, where US Bank acts as Custodian. On Dec. 1, 2016, US Bank failed to make delivery to DPS on behalf of the counterparty as required, even though sufficient funds were available to be sent. This error caused the debt service payment on the Bonds to be made on Dec. 2, 2016. (The Bonds were the only District bond issue impacted.) US Bank has admitted fault, due to human error, and has accepted responsibility for any claims for accrued interest that may be made. To date, no claims have been made.
• Description: Municipal Name: School District No. 1 in the City and County of Denver, State of Colorado CUSIP: 249174UP6 Currency: USD School District No. 1 in the City and County of Denver, State of Colorado today announced that the US Bank failed to make delivery to debt service payment on behalf of the counterparty on the Series 2016 Bonds to be made on Dec. 2, 2016.
• Bond Document: https://www.bondpdf.com/
• Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US249174UP67