Examples of Refunding Issue in a sentence
Refunding Issue 2010In 2010, the City issued $3,155,000 in general obligation bonds to retire two outstanding general obligation bonds issued in 1997 and 1999.
The principal and interest costs on the existing debt and the new refunding bondsare detailed below: Economic Gain from Refunding Issue The net present value benefit as a result of the refunding issue is $682,262.
Discussions and details relating to MBS Sales, Refunding Issue of Pass Through Bonds and stay the course options were summarized and further discussion and questions answered by Mr. Swift, Mr. Stretz, Mr. Gehrig and Mr. Ruby.
The new deadline to participate was inadvertently stated as August 16, 2001 and should have been August 6, 2001.
DISCUSSION: There presently exists $22,540,000 of outstanding principal from the District’s 2003 Refunding Issue for Improvement District Nos.
General Obligation Bonds Payable Details of the District’s June 30, 2012 general obligation bonded indebtedness are as follows: Bond Refunding Issue of May 2012 Bond Refunding On May 1, 2012, the District issued $1,500,000 of general obligation refunding bonds with interest rates ranging between 0.45% to 1.05%.
Bonds Payable consists of the following: The 2007 Refunding Issue Bonds refunded $8,690,000 of the City’s outstanding obligations securing bonds issued by the Hudson County Improvement Authority; $15,506,000 of the 2006 General Improvement Bonds; $3,510,000 of the 1997 Refunding Issue; and $1,430,000 of the ERI Pension Bonds.
Motion was made by Robert Gress to open the agenda to add the proposed motions regarding the Series of 2012 Refunding Issue and the Series A of 2012 New Money Issue as presented by the Financial Advisor and Bond Counsel.
Moved by Mr. McConn, seconded by Mr. Devenney, to approve the Resolution for the Bond Refunding Issue, per Attachment Finance “B”, confirming the appointment of the financial and legal professionals to assist the District with the refunding opportunity for the 2015 general obligation bond.
The proceeds of this bond issue (along with a $173,966 reoffering premium) were placed into a trust with a third party bank and will be used to call and retire the remaining outstanding bonds from the 2005 Advance Refunding Issue, with an outstanding principal balance of $3,530,000 as of June 30, 2015.