CUSIP 40064LAC6
- ISIN: US40064LAC63
- Entity Name: Guam Economic Development Authority
- Sector: Municipal Agency
- Announcement Date: *****
- Effective Date: *****
- Issue Date: *****
- Maturity Date: *****
- Country of Issuer: *****
- Region: N.Amer
- Issue Currency: *****
- CA Type: Propose Unscheduled Draw
- News: Each maturity of the Bonds for which this notice relates to is identified by the corresponding CUSIP Number set forth below. The CUSIP Numbers below are the CUSIPS assigned to the Bonds at the time of issue. Such CUSIPS were derived from the Official Statement dated December 7, 2007 for the Bonds. The Authority is not responsible for the accuracy or completeness of the CUSIPs below and are only provided for the convenience of Bondholders. Maturity Date Series 2007A CUSIP Series 2007B CUSIP June 1, 2032 40064LAA0 June 1, 2047 40064LAB8 June 1, 2057 4006LAC6 Anticipated December 1 Reserve Fund Draw: The Authority expects that approximately $8,574.94 will be required to be drawn from the Debt Service Reserve Account to pay a portion of the $659,606.25 interest payment on the 2007A Bonds due December 1, 2018 as a result of insufficient tobacco settlement revenues (""TSRs"") received in April 2018 under the Master Settlement Agreement. Unless additional TSRs or other revenues are received before December 1, 2018, the Series 2007A Bonds will not be subject to turbo redemptions during this period. The Authority expects that the amount on deposit in the Debt Service Reserve Account after the December 1, 2018 draw (which will represent the first draw on the Debt Service Reserve Account) will be $2,799,825.06 (the Debt Service Reserve Requirement is defined in the Indenture to be $2,808,400 for so long as the Series 2007A Bonds are Outstanding). Other Matters - The filing of this notice does not constitute or imply any representation regarding any other financial or operating information about the Authority or any representation that no other circumstances or events have occurred which may have a bearing on the Authoritys financial condition or an investor`s decision to buy, sell or hold the Bonds.
- Description: *****
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US40064LAC63
