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03-24-14 Regular Meeting of La Porte City Council
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03-24-14 Regular Meeting of La Porte City Council
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3/19/2014 3:37:49 PM
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La Porte TX
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Agenda PACKETS
Date
3/24/2014
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SUMMARY OF REFUNDING RESULTS <br />La Porte, City of (General Obligation Debt) <br />2014 Refunding-Large <br />Dated Date04/01/2014 <br />Delivery Date04/01/2014 <br />Arbitrage yield1.955808% <br />Escrow yield0.291264% <br />Bond Par Amount9,215,000.00 <br />True Interest Cost2.130904% <br />Net Interest Cost2.240325% <br />All-In TIC2.296858% <br />Average Coupon3.324362% <br />Average Life6.363 <br />Par amount of refunded bonds9,160,000.00 <br />Average coupon of refunded bonds4.267597% <br />Average life of refunded bonds6.562 <br />PV of prior debt to 04/01/2014 @ 1.955808%10,464,404.06 <br />Net PV Savings513,852.02 <br />Percentage savings of refunded bonds5.609738% <br />Mar 10, 2014 11:41 am Page 1 <br /> <br />
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