Rev Ref & Impr Bonds Ser 2016 (Rural Elec Sys)
$11,145,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- August 10, 2016
- Fiscal year issued
- 2016
- Par amount
- $15,770,000
- New money / refunding
- $11,260,000 / $4,510,000
- Pledge
- Revenue
- Purpose
- Combined utility system
- Sale
- Negotiated
- Final maturity
- July 1, 2041
Debt outstanding by fiscal year
Download CSV| Fiscal year | Principal | Interest | Total debt service |
|---|---|---|---|
| 2025 | $11,145,000 | $3,013,950 | $14,158,950 |
| 2024 | $11,755,000 | $3,450,650 | $15,205,650 |
| 2023 | $12,340,000 | $3,916,600 | $16,256,600 |
| 2022 | $12,895,000 | $4,410,300 | $17,305,300 |
| 2021 | $13,425,000 | $4,930,500 | $18,355,500 |
| 2020 | $13,945,000 | $5,461,100 | $19,406,100 |
| 2019 | $14,455,000 | $6,001,900 | $20,456,900 |
| 2018 | $14,945,000 | $6,552,500 | $21,497,500 |
| 2017 | $15,430,000 | $7,112,800 | $22,542,800 |
| 2016 | $15,770,000 | $7,618,464 | $23,388,464 |
Costs of issuance
Download CSVOne-time costs reported: $229,971, or $14.58 per $1,000 of par (computed here).
| Cost | Paid to | Type | Amount | Per $1,000 |
|---|---|---|---|---|
| Bond counsel | Andrews & Kurth LLP | One time | $26,680.00 | $1.69 |
| Bond insurance | Assured Guaranty Inc | One time | $28,901.13 | $1.83 |
| Escrow agent | Bank of Texas NA | One time | $1,250.00 | $0.08 |
| Escrow verification | Grant Thornton LLP | One time | $3,000.00 | $0.19 |
| Financial advisor | Specialized Public Finance Inc | One time | $44,534.38 | $2.82 |
| Underwriter's spread: management fee | Not reported | One time | $15,770.00 | $1.00 |
| Other costs | Not reported | One time | $500.00 | $0.03 |
| Paying agent and registrar | Bank of Texas NA | One time | $3,500.00 | $0.22 |
| Printing | Financial Printing Resources Inc | One time | $2,109.80 | $0.13 |
| Printing | Ipreo LLC | One time | Not reported | |
| Rating agency | Fitch | One time | $7,500.00 | $0.48 |
| Rating agency | S&P | One time | $8,000.00 | $0.51 |
| Underwriter's spread: expenses | Not reported | One time | $5,337.71 | $0.34 |
| Underwriter's spread: takedown | Not reported | One time | $74,887.50 | $4.75 |
| Underwriter's counsel (paid by the underwriter) | Bracewell LLP | One time | $8,000.00 | $0.51 |
Source: Local Issuance Fee By Year (updated by the publisher Sep 9, 2026); Debt Outstanding By Issuance Local By Year (updated by the publisher Sep 9, 2026). Loaded here Oct 3, 2026.
Texas fiscal years run September 1 to August 31.
Figures are as reported to the agency and have not been independently verified.