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 March 31, 2013)
Fiscal Year
Principal Amount
Annual Interest
Annual Debt Service (1)
2013-14(3)
3,071,455
9,204,545
12,276,000
2014-15(3)
2,378,027
7,958,973
10,337,000
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
$16,464,760
$60,263,240
$76,728,000
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.
