HomeMy WebLinkAbout(0180) Ft_Worth_Tax_Notes_01_25_22_noon.pdfBOND SUMMARY STATISTICS
City of Fort Worth, Texas [01/14/22]
Tax Notes Ser 2022 [7yr]
--Current Market Private Placement Rate + 25BPS--
01125/22
Dated Date
04/06/2022
Delivery Date
04/06/2022
First Coupon
09/01/2022
Last Maturity
03/01/2029
Arbitrage Yield
1.710149%
True Interest Cost (TIC)
1.710149%
Net Interest Cost (NIC)
1.710000%
All -In TIC
1.778223%
Average Coupon
1.710000%
Average Life (years)
3.971
Duration of Issue (years)
3.824
Par Amount
72,195,000.00
Bond Proceeds
72,195,000.00
Total Interest
4,902,587.81
Net Interest
4,902,587.81
Bond Years from Dated Date
286,701,041.67
Bond Years from Delivery Date
286,701,041.67
Total Debt Service
77,097,587.81
Maximum Annual Debt Service
10,945,350.50
Average Annual Debt Service
11,169,067.05
Underwriter's Fees (per $1000)
Average Takedown
Other Fee
Total Underwriter's Discount
Bid Price
100.000000
Par
Average Average
PV of 1 by
Bond Component Value Price
Coupon Life
change
Current Interest Bonds 72,195,000.00 100.000
1.710% 3.971
27,481.95
72,195,000.00
3.971
27,481.95
All -In
Arbitrage
TIC
TIC
Yield
Par Value 72,195,000.00
72,195,000.00
72,195,000.00
+ Accrued Interest
+ Premium (Discount)
Underwriter's Discount
Cost of Issuance Expense
-186,000.00
Other Amounts
Target Value 72,195,000.00
72,009,000.00
72,195,000.00
Target Date 04/06/2022
04/06/2022
04/06/2022
Yield 1.710149%
1.778223%
1.710149%
Jan 25, 2022 11:56 am Prepared by TGL Financial Consulting (Finance 8.500 Fort Worth, City of:Z21GOJ-S22C1) Pagel
SOURCES AND USES OF FUNDS
City of Fort Worth, Texas [01/14/22]
Tax Notes Ser 2022 [7yr]
--Current Market Private Placement Rate + 25BPS--
01 /25/22
Dated Date 04/06/2022
Delivery Date 04/06/2022
Sources:
Bond Proceeds
Par Amount 72,195,000.00
72,195,000.00
Uses:
Project Fund Deposits:
City Hall Improvements 59,759,000.00
Fire Apparatus 12,250,000.00
72,009,000.00
Delivery Date Expenses:
Cost of Issuance 186,000.00
72,195,000.00
Jan 25, 2022 11:56 am Prepared by TGL Financial Consulting (Finance 8.500 Fort Worth, City of:Z21GOJ-S22C1) Page 2
BOND DEBT SERVICE
City of Fort Worth, Texas [01/14/22]
Tax Notes Ser 2022 [7yr]
--Current Market Private Placement Rate + 25BPS--
01 /25/22
Dated Date 04/06/2022
Delivery Date 04/06/2022
Period
Ending
Principal
Coupon
Interest
Debt Service
09/30/2022
497,243.06
497,243.06
09/30/2023
9,790,000
1.710%
1,150,830.00
10,940,830.00
09/30/2024
9,960,000
1.710%
981,967.50
10,941,967.50
09/30/2025
10,135,000
1.710%
810,155.25
10,945,155.25
09/30/2026
10,310,000
1.710%
635,350.50
10,945,350.50
09/30/2027
10,485,000
1.710%
457,553.25
10,942,553.25
09/30/2028
10,665,000
1.710%
276,720.75
10,941,720.75
09/30/2029
10,850,000
1.710%
92,767.50
10,942,767.50
72,195,000
4,902,587.81
77,097,587.81
Jan 25, 2022 11:56 am Prepared by TGL Financial Consulting (Finance 8.500 Fort Worth, City of:Z21GOJ-S22C1) Page 3
BOND DEBT SERVICE
City of Fort Worth, Texas [01/14/22]
Tax Notes Ser 2022 [7yr]
--Current Market Private Placement Rate + 25BPS--
01 /25/22
Dated Date 04/06/2022
Delivery Date 04/06/2022
Period
Ending
Principal
Coupon
Interest
Debt Service
Annual
Debt Service
09/01/2022
497,243.06
497,243.06
09/30/2022
497,243.06
03/01/2023
9,790,000
1.710%
617,267.25
10,407,267.25
09/01/2023
533,562.75
533,562.75
09/30/2023
10,940,830.00
03/01/2024
9,960,000
1.710%
533,562.75
10,493,562.75
09/01/2024
448,404.75
448,404.75
09/30/2024
10,941,967.50
03/01/2025
10,135,000
1.710%
448,404.75
10,583,404.75
09/01 /2025
361,750.50
361,750.50
09/30/2025
10,945,155.25
03/01/2026
10,310,000
1.710%
361,750.50
10,671,750.50
09/01/2026
273,600.00
273,600.00
09/30/2026
10,945,350.50
03/01/2027
10,485,000
1.710%
273,600.00
10,758,600.00
09/01 /2027
183,953.25
183,953.25
09/30/2027
10,942,553.25
03/01/2028
10,665,000
1.710%
183,953.25
10,848,953.25
09/01/2028
92,767.50
92,767.50
09/30/2028
10,941,720.75
03/01/2029
10,850,000
1.710%
92,767.50
10,942,767.50
09/30/2029
10,942,767.50
72,195,000
4,902,587.81
77,097,587.81
77,097,587.81
Jan 25, 2022 11:56 am Prepared by TGL Financial Consulting (Finance 8.500 Fort Worth, City of:Z21 GOJ-S22C1) Page 4
BOND PRICING
City of Fort Worth, Texas [01/14/22]
Tax Notes Ser 2022 [7yr]
--Current Market Private Placement Rate + 25BPS--
01 /25/22
Maturity
Bond Component Date # Bonds Amount Rate Yield
Price
Current Interest Bonds:
03/01/2023
1,958
9,790,000
1.710%
1.710%
100.000
03/01/2024
1,992
9,960,000
1.710%
1.710%
100.000
03/01/2025
2,027
10,135,000
1.710%
1.710%
100.000
03/01/2026
2,062
10,310,000
1.710%
1.710%
100.000
03/01/2027
2,097
10,485,000
1.710%
1.710%
100.000
03/01/2028
2,133
10,665,000
1.710%
1.710%
100.000
03/01/2029
2,170
10,850,000
1.710%
1.710%
100.000
Dated Date
Delivery Date
First Coupon
Par Amount
Original Issue Discount
Production
Underwriter's Discount
Purchase Price
Accrued Interest
Net Proceeds
14,439 72,195,000
04/06/2022
04/06/2022
09/01 /2022
72,195,000.00
72,195, 000.00 100.000000 %
72,195, 000.00 100.000000 %
72,195,000.00
Jan 25, 2022 11:56 am Prepared by TGL Financial Consulting (Finance 8.500 Fort Worth, City of:Z21GOJ-S22C1) Page 5
AVERAGE TAKEDOWN
City of Fort Worth, Texas [01/14/22]
Tax Notes Ser 2022 [7yr]
--Current Market Private Placement Rate + 25BPS--
01 /25/22
Dated Date 04/06/2022
Delivery Date 04/06/2022
Maturity Par Takedown Takedown
Bond Component Date Amount $/Bond Amount
Current Interest Bonds:
03/01/2023
9,790,000
03/01/2024
9,960,000
03/01 /2025
10,135,000
03/01 /2026
10, 310, 000
03/01 /2027
10,485,000
03/01 /2028
10, 665, 000
03/01 /2029
10,850,000
72,195,000 0.0000 0
Jan 25, 2022 11:56 am Prepared by TGL Financial Consulting (Finance 8.500 Fort Worth, City of:Z21GOJ-S22C1) Page 6