New Prague Utilities Commission Agenda Packet 2026-05-26
New Prague Bonds Issued Through DTC Book-Entry System
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Description
Electric Revenue Bonds, Series 2026A will be issued through The Depository Trust Company’s book-entry system with Cede & Co. as nominee. The City relies on an existing representation letter to govern DTC’s clearing and settlement services for the bonds.
Contract Details
Vendor
THE DEPOSITORY TRUST COMPANY
Agency
City of New Prague, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Renewal Info
Use of DTC’s book-entry system under an existing Blanket Issuer Letter of Representations for the duration of the Series 2026A Bonds, unless the City elects to discontinue or DTC ceases service.
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