Taxable Refunding Pension Obligation Bonds Series 1997A
$136,923,080.63*
County of Orange
Taxable Refunding Pension Obligation Bonds
Series 1997A
(Partially Refunding of the 1994A Bonds)
Underwriter: Goldman, Sachs & Company Co-Manager: A.G. Edwards & Sons, Inc. Co-Manager: Piper Jaffray, Inc. Bond Counsel: Willkie Farr & Gallagher Underwriter Counsel: Orrick, Herrington & Sutcliffe, LLP Dated: January 1, 1997 Rating at Time of Issuance: Aaa Moody's, AAA-Standard & Poor's, AAA Fitch Security: Pledged Funds Bond Insurance: MBIA Insurance Payment Dates: September 1 and March 1
Current Aggregate Outstanding Debt (as of September 30, 2019)
Fiscal Year
Principal Amt.
Annual Interest
Annual Debt Service (1)
2020-21(2)
2,450,550
13,049,450
15,500,000
2021-22(2)
518,204
3,025,796
3,544,000
Totals
2,968,754
16,075,246
19,044,000
Note:
Note:
(1)
Annual Debt Service Payment represents the Cumulative interest due for each Maturity at their stated Rate for one year.
(2)
Capital Appreciation Bonds, Compound Interest Paid at Maturity.
Current Interest Bonds were paid off on 9/1/09
*
The schedule above reflects the Tender Offer for the County's Pension Obligation Bonds which occurred in April 2000.
On June 22, 2000, the bonds shown above underwent an Economic Defeasance and funds were placed in accounts to prepay the bonds.
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