Laserfiche WebLink
Preliminary <br /> <br />$1,460,000 <br />City of Elk River, Minnesota <br /> <br />Electric Revenue Refunding Bonds, Series 2016B <br /> <br />Current Refunding of Series 2007A <br />Debt Service Schedule <br />DatePrincipalCouponInterestTotal P+I <br />02/01/2017235,000.000.950%10,591.49245,591.49 <br />02/01/2018235,000.001.000%17,122.50252,122.50 <br />02/01/2019240,000.001.200%14,772.50254,772.50 <br />02/01/2020245,000.001.400%11,892.50256,892.50 <br />02/01/2021250,000.001.600%8,462.50258,462.50 <br />02/01/2022255,000.001.750%4,462.50259,462.50 <br />Total$1,460,000.00-$67,303.99$1,527,303.99 <br />Yield Statistics <br /> <br />Bond Year Dollars...................................................................................................................................................................................... <br />.$4,523.94 <br />Average Life........................................................................................................................................................................................... <br />.3.099 Years <br />Average Coupon......................................................................................................................................................................................... <br />.1.4877280% <br /> <br />Net Interest Cost (NIC)................................................................................................................................................................................ <br />.1.7136371% <br />True Interest Cost (TIC)............................................................................................................................................................................... <br />.1.7194062% <br />Bond Yield for Arbitrage Purposes...................................................................................................................................................................... <br />.1.4850295% <br />All Inclusive Cost (AIC)............................................................................................................................................................................... <br />.2.8782285% <br /> <br />IRS Form 8038 <br />Net Interest Cost...................................................................................................................................................................................... <br />.1.4877280% <br />Weighted Average Maturity.............................................................................................................................................................................. <br />.3.099 Years <br />Series 2016B Ref 2007A Re | SINGLE PURPOSE | 4/29/2016 | 11:53 AM <br />Page 10 <br />