CUSIP 3531868M4
- ISIN: US3531868M46
- Entity Name: Franklin County, Ohio
- Sector: Municipal
- Announcement Date: *****
- Effective Date: *****
- Issue Date: *****
- Maturity Date: *****
- Country of Issuer: *****
- Region: N.Amer
- Issue Currency: *****
- CA Type: Amendment of Indenture
- News: New Interest Rate Period for Series 2011B Bonds The last day of the current Long-Term Interest Rate Period for the Series 2011B Bonds is July 11, 2017. As a result, pursuant to the Bond Indenture, the Series 2011B Bonds are subject to mandatory tender on July 12, 2017, the first day of the new Interest Rate Period. The new Interest Rate Period for the Series 2011B Bonds will be a Long-Term Interest Rate Period that will commence on July 12, 2017 and end on October 31, 2018 (such period, the new Long-Term Interest Rate Period). The Series 2011B Bonds are subject to mandatory tender for purchase on November 1, 2018, the first day of the subsequent Interest Rate Period (the new 2011B Mandatory Tender Date). During the new Long-Term Interest Rate Period, the Series 2011B Bonds will bear interest at a Long-Term Interest Rate to be determined on or prior to July 12, 2017. The Corporation will provide notice of the Long-Term Interest Rate to EMMA on or before July 12, 2017. For the Long-Term Interest Rate Period, interest on the Series 2011B Bonds will be payable on each May 15 and November 15, or the next succeeding Business Day if any such May 15 or November 15 is not a Business Day (each, an Interest Payment Date). If any May 15 or November 15 is not a Business Day, payment of interest will be made on the next succeeding Business Day with the same force and effect as if that payment were made on such May 15 or November 15, and, in the case of such payment, no interest shall accrue during such period. The Regular Record Date with respect to any Interest Payment Date for the Series 2011B Bonds while bearing interest in a Long-Term Interest Rate Period is the 15th day immediately preceding such Interest Payment Date (or, in the event that an Interest Payment Date shall occur less than 15 days after the first day of a Long-Term Interest Rate Period, such first day). Notwithstanding the foregoing, so long as records of ownership of the Series 2011B Bonds are maintained through the Book-Entry Only System described below, all payments to the Beneficial Owners of the Series 2011B Bonds will be made in accordance with the procedures described under BOOK-ENTRY ONLY SYSTEM in the front part of the 2011 Official Statement. Except as provided herein, the terms of the Series 2011B Bonds during the Long-Term Interest Rate Period are as described in the incorporated portion of the 2011 Official Statement. The 2011 Official Statement and this Addendum summarize certain terms of the Series 2011B Bonds only while they bear interest at a Long-Term Interest Rate or an Index Interest Rate. Should the Series 2011B Bonds be converted to a different Interest Rate Period, the Series 2011B Bonds will be subject to mandatory tender and purchase and, at that time, it is expected that a new official statement or other disclosure document will be prepared.
- Description: *****
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US3531868M46
