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04/07/2015 (4)
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04/07/2015 (4)
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Last modified
3/16/2018 4:21:35 PM
Creation date
7/29/2015 2:08:35 PM
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Meetings
Meeting Type
Regular Meeting
Document Type
Agenda Packet
Meeting Date
04/07/2015
Meeting Body
Board of County Commissioners
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FirstSouthwest 41/7 <br />Bond Component <br />Term Loan <br />BOND SUMMARY STATISTICS <br />Indian River County, Florida <br />Limited General Obligation Refunding Note, Series 2015 <br />Regions Bank <br />**Final Numbers** <br />Dated Date 04/09/2015 <br />Delivery Date 04/09/2015 <br />First Coupon 07/01/2015 <br />Last Maturity 07/01/2021 <br />Arbitrage Yield 1.660220% <br />True Interest Cost (TIC) 1.660220% <br />Net Interest Cost (NIC) 1.660000% <br />All -In TIC 1.729019% <br />Average Coupon 1.660000% <br />Average Life (years) 4.015 <br />Duration of Issue (years) 3.883 <br />Par Amount 20,369,000.00 <br />Bond Proceeds 20,369,000.00 <br />Total Interest 1,357,558.05 <br />Net Interest 1,357,558.05 <br />Total Debt Service 21,726,558.05 <br />Maximum Annual Debt Service 4,418,648.80 <br />Average Annual Debt Service 3,488,653.39 <br />Underwriter's Fees (per $1000) <br />Average Takedown <br />Other Fee <br />Total Underwriter's Discount <br />Bid Price 100.000000 <br />Par Average Average PV of 1 bp <br />Value Price Coupon Life change <br />20,369,000.00 100.000 1.660% 4.015 12,017.71 <br />Par Value <br />+ Accrued Interest <br />+ Premium (Discount) <br />- Underwriter's Discount <br />- Cost of Issuance Expense <br />- Other Amounts <br />20,369,000.00 <br />TIC <br />20,369,000.00 <br />4.015 12,017.71 <br />All -In Arbitrage <br />TIC Yield <br />20,369,000.00 20,369,000.00 <br />-53,881.25 <br />Target Value 20,369,000.00 20,315,118.75 20,369,000.00 <br />Target Date 04/09/2015 04/09/2015 04/09/2015 <br />Yield 1.660220% 1.729019% 1.660220% <br />Mar 26, 2015 1:10 pm Prepared by FlrstSouthwest (aam) <br />(Finance 7.011 Indian River Co:GO-2015_3,2015_3) Page 2 <br />185 <br />
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