CUSIP 428545CN5

  • ISIN: US428545CN55
  • Entity Name: City of Hiawatha
  • Sector: Municipal
  • Announcement Date: 28-Jun-2017
  • Effective Date: 28-Jun-2017
  • Issue Date: *****
  • Maturity Date: 01-Apr-2028
  • Country of Issuer: United States
  • Region: N.Amer
  • Issue Currency: United States of America Dollars
  • CA Type: Covenant Breach
  • News: The Trustee hereby notifies the Bondholders of the Corporations non-compliance with the minimum Rate Covenant of 1.0 as of December 31, 2016. Failure to meet this Rate Covenant constitutes an Event of Default pursuant to the Definition of Event of Default in the Indenture and the Lease, and Section 8.3 of the Lease. The Tenant was sent a Notice of Non-Compliance and Occurrence of Event of Default on June 28, 2017.
  • Description: Municipal Name: City of Hiawatha CUSIP: 428545CN5 Currency: USD City of Hiawatha announced today that the trustee has failed to meet its Debt Service Coverage Ratio for its Health Care Facilities Refunding Revenue Bonds, Series 2014 on June 28, 2017.
  • Bond Document:
  • Latest Corporate Actions:

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