Taxable Refunding Pension Obligation Bonds Series 1996A

$121,680,326.21*
County of Orange
Taxable Refunding Pension Obligation Bonds
Series 1996A

Underwriter: Goldman, Sachs & Company
Co-Manager: A.G. Edwards & Sons, Inc.
Bond Counsel: Willkie Farr & Gallagher
Underwriter Counsel: Orrick, Herrington & Sutcliffe, LLP
Dated: June 1, 1995
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, 2014)

Fiscal Year Principal Amount Annual Interest Annual Debt Service (1)
2015-16(3) 5,943,738 22,115,262 28,059,000
2016-17(3) 5,071,540 20,984,460 26,056,000
Totals $11,015,278 $43,099,722 $54,115,000

Note:

(1)

Annual Debt Service Payment represents the Cumulative interest due for each Maturity at their stated Rate for one year.

 

(2)

Current Interest Bonds

 

(3)

Capital Appreciation Bonds (CABs), Compound Interest Paid at Maturity.

 

*

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.

Notice
This page presents selected financial and other information concerning the County of Orange. The information does not represent, nor is it intended to represent, complete financial data or all of the information a visitor or investor may desire. All information presented herein is dated as of its date and the County of Orange makes no representation that such information is current or complete.