14 TOTAL NEW MONEY BOND ISSUES TO DATE – $1,031,885,000 ($738,120,000 Outstanding as of 12/31/18)

  • 2003 Bond Issue — $72.950 million (True Interest Cost 4.41%)
  • 2005 Bond Issue — $71.795 million (True Interest Cost 4.79%)
  • 2006 Bond Issue — $47.000 million (True Interest Cost 4.64%)
  • 2007 Bond Issue — $53.855 million (True Interest Cost 4.82%)
  • 2009 Bond Issue — $60.000 million (True Interest Cost 4.67%)
  • 2012  Bond Issue — $41.965 million (True Interest Cost 1.27%)
  • 2013  Bond Issue — $35.860 million (True Interest Cost 2.63%)
  • 2015 Bond Issue (SWIFT Bonds)— $18.740 million (True Interest Cost 1.93%)
  • 2015A Bond Issue — $29.175 million (True Interest Cost 3.30%)
  • 2016 Bond Issue (SWIFT Bonds) — $37.960 million (True Interest Cost 2.51%)
  • 2016A Bond Issue — $32.515 million (True Interest Cost 3.99%)
  • 2017 Bond Issue (SWIFT Bonds) – $211.250 million (True Interest Cost 2.66%)
  • 2018 Bond Issue (SWIFT Bonds) – $289.680 million (True Interest Cost 3.10%)
  • 2018A Bond Issue (SWIFT Bonds) – $65.000 million (True Interest Cost 3.07%)

3 TOTAL REFUNDING BOND ISSUES TO DATE – $114,020,000 ($89,195,000 Outstanding as of 12/31/18)

  • 2013 Bond Issue (Refunding) — $35.860 million (True Interest Cost 2.63%) (Refunded $47,390,000 of Series 2003 Bonds)
  • 2014 Bond Issue (Refunding) — $46.030 million (True Interest Cost 2.99%) (Refunded $49,620,000 of Series 2005 Bonds)
  • 2015A Bond Issue (Refunding) — $32.130 million (True Interest Cost 3.30%) (Refunded $37,765,000 of Series 2006 Bonds)

* Substantial future rate increases and bond issuances will be required to fund the significant additional water infrastructure needed to meet the HGSD mandate for 2025 and 2035.

SWIFT funding originates with the Texas Water Development Board.

Revised January 1, 2019