Bonds

Bond Offering

District of Columbia Income Tax Secured Revenue Bonds, Series 2020C & Revenue Refunding Bonds, Series 2020D

Offering Summary

Bond Details

Par Amount
$550,000,000
Sale Date
July 9, 2020
Closing Date
July 23, 2020
Method of Sale
Negotiated
Bond Type
Fixed Rate
Principal Payment Dates
Series 2020C - May 1 and Series 2020D - December 1
Interest Payment Dates
Series 2020C - May 1 and November 1; Series 2020D - June 1 and December 1
Expected Structure
Series 2020C - Serial Bonds 2022-2040, Term Bond 2045; Series 2020D - Serial Bonds 2021-2035
Denominations
$5,000, or any integral multiples thereof
Tax Status
Interest on the 2020C Bonds is exempt from federal income tax. Interest on the 2020D Bonds is federally taxable.

Additional Information

The District of Columbia (“District”) plans the proposed sale of the following bonds (“Bonds”)
through a negotiated sale on or about July 9, 2020.

DISTRICT OF COLUMBIA
$550,000,000*
Income Tax Secured Revenue Bonds

Comprised of

$315,000,000*
Income Tax Secured Revenue Bonds, Series 2020C
Tax-Exempt, New Money Bonds
Amortizing May 1, 2022-2045*

and

$235,000,000*
Income Tax Secured Revenue Refunding Bonds, Series 2020D
Federally Taxable, Refunding Bonds
Amortizing December 1, 2021-2035*

Citigroup is the Senior Manager on the transaction. Ramirez & Co., Inc. is the Co-Senior
Manager on the transaction.

The issuance of the Bonds is subject to market conditions. No assurance is given that all or any portion of the Bonds will be issued.

This notice does not constitute a recommendation or an offer or solicitation for the purchase or sale of any security or other financial instrument, including the Bonds, or to adopt any investment strategy.  Any offer or solicitation with respect to the Bonds will be made solely by means of the final Official Statement relating to such Bonds which will describe the actual terms of such Bonds.

*Preliminary, subject to change

Offering Participants

Senior Manager

Citigroup

Co-Senior Manager

Ramirez & Co., Inc.

General Offering Information

The details of the terms of the bonds and the security therefor and other financial information pertaining to the District is set forth in the Preliminary Official Statement.