Rural Elec Sys Rev Bonds Ser 2018

$14,540,000 of principal outstanding at the end of fiscal year 2025.

Terms

Principal, interest and debt service outstanding at each reporting date
Fiscal year	Principal	Interest	Total debt service
2025	$14,540,000	$6,212,950	$20,752,950
2024	$15,060,000	$6,844,200	$21,904,200
2023	$15,555,000	$7,500,200	$23,055,200
2022	$16,030,000	$8,179,950	$24,209,950
2021	$16,480,000	$8,882,200	$25,362,200
2020	$16,910,000	$9,605,950	$26,515,950
2019	$17,320,000	$10,350,200	$27,670,200

One-time costs reported: $381,032, or $22.00 per $1,000 of par (computed here).

Each cost of issuance, who was paid and how much
Cost	Paid to	Type	Amount	Per $1,000
Attorney General review	Not reported	One time	$9,500.00	$0.55
Bond counsel	Orrick Herrington & Sutcliffe LLP	One time	$61,840.00	$3.57
Bond insurance	Assured Guaranty Inc	One time	$25,996.50	$1.50
Financial advisor	Specialized Public Finance Inc	One time	$87,387.50	$5.05
Underwriter's spread: management fee	Not reported	One time	$17,320.00	$1.00
Other costs	Not reported	One time	$2,500.00	$0.14
Paying agent and registrar	UMB Bank NA	One time	$4,500.00	$0.26
Printing	Ipreo LLC	One time	$2,200.00	$0.13
Rating agency	Fitch	One time	$38,279.48	$2.21
Rating agency	S&P	One time	$29,000.00	$1.67
Underwriter's spread: expenses	Not reported	One time	$6,127.76	$0.35
Underwriter's spread: takedown	Not reported	One time	$83,881.25	$4.84
Underwriter's counsel (paid by the underwriter)	Bracewell LLP	One time	$12,500.00	$0.72

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.