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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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BOND SUMMARY STATISTICS <br />La Porte, City of (General Obligation Debt) <br />2014 Refunding-Large <br />Dated Date04/01/2014 <br />Delivery Date04/01/2014 <br />First Coupon09/15/2014 <br />Last Maturity03/15/2025 <br />Arbitrage Yield1.955808% <br />True Interest Cost (TIC)2.130904% <br />Net Interest Cost (NIC)2.240325% <br />All-In TIC2.296858% <br />Average Coupon3.324362% <br />Average Life (years)6.363 <br />Duration of Issue (years)5.817 <br />Par Amount9,215,000.00 <br />Bond Proceeds9,915,107.60 <br />Total Interest1,949,171.11 <br />Net Interest1,313,568.51 <br />Bond Years from Dated Date58,632,944.44 <br />Bond Years from Delivery Date58,632,944.44 <br />Total Debt Service11,164,171.11 <br />Maximum Annual Debt Service1,577,150.00 <br />Average Annual Debt Service1,019,041.99 <br />Underwriter's Fees (per $1000) <br /> Average Takedown <br /> Other Fee7.000000 <br />Total Underwriter's Discount7.000000 <br />Bid Price106.897478 <br />ParAverageAverage <br />Bond ComponentValuePriceCouponLife <br />Serial9,215,000.00107.5973.324%6.363 <br />9,215,000.006.363 <br />All-InArbitrage <br />TICTICYield <br />Par Value9,215,000.009,215,000.009,215,000.00 <br /> + Accrued Interest <br /> + Premium (Discount)700,107.60700,107.60700,107.60 <br /> - Underwriter's Discount-64,505.00-64,505.00 <br /> - Cost of Issuance Expense-93,500.00 <br /> - Other Amounts <br />Target Value9,850,602.609,757,102.609,915,107.60 <br />Target Date04/01/201404/01/201404/01/2014 <br />Yield2.130904%2.296858%1.955808% <br />Mar 10, 2014 11:41 am Page 2 <br /> <br />
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