CUSIP 46246SAJ4
- ISIN: US46246SAJ42
- Entity Name: Iowa Finance Authority
- Sector: Municipal Agency
- Announcement Date: 10-May-2016
- Effective Date: 01-Jun-2016
- Issue Date: *****
- Maturity Date: 01-Dec-2019
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Unscheduled Draw
- News: The Company has notified the Trustee and Collateral Agent that the Company plans to draw $59,881,893.75 from the applicable Debt Service Reserve Fund to pay Debt Service on the Series 2013 Bonds on June 1, 2016. In connection with the Companys planned draw on the Debt Service Reserve Fund, notice is hereby provided as required by Section 11.03(b)(iii) of the Indenture that an event under Section 5.06(c)(i)(A) of the Collateral Agency Agreement that permits the Holders or Beneficial Owners of at least a majority of the aggregate principal amount of the Series 2013 Bonds then Outstanding to direct the Trustee to direct the Collateral Agent to refrain from transferring funds from the Debt Service Reserve Fund has occurred. For Bond Document please visit www.BondPDF.com
- Description: Municipal Name: Iowa Finance Authority CUSIP: 46246SAJ4 Currency: USD Iowa Finance Authority announced today that the trustee made a payment in the amount of USD 59,881,893.75 from the Debt Service Reserve Fund for the Series 2013 Bonds on June 1, 2016.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US46246SAJ42
