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Mercedes ISD

Unl Tax School Bldg & Ref Bonds Ser 2015

$3,640,000 of principal outstanding at the end of fiscal year 2025.

Terms

Closing date
June 16, 2015
Fiscal year issued
2015
Par amount
$22,740,000
New money / refunding
$2,880,000 / $19,860,000
Pledge
Tax-supported (general obligation)
Purpose
School facilities and equipment
Sale
Negotiated
Final maturity
August 15, 2034

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2025$3,640,000$496,700$4,136,700
2024$4,345,000$677,569$5,022,569
2023$6,025,000$942,438$6,967,438
2022$7,625,000$1,287,306$8,912,306
2021$10,210,000$1,761,425$11,971,425
2020$12,665,000$2,358,294$15,023,294
2019$15,055,000$3,026,863$18,081,863
2018$17,320,000$3,808,681$21,128,681
2017$19,480,000$4,698,500$24,178,500
2016$21,115,000$5,670,069$26,785,069

Costs of issuance

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One-time costs reported: $259,339, or $11.40 per $1,000 of par (computed here).

Each cost of issuance, who was paid and how much
CostPaid toTypeAmountPer $1,000
Attorney General reviewNot reportedOne time$9,500.00$0.42
Bond counselPerez Law Firm PLLCOne time$34,250.00$1.51
Bond insurancePermanent School Fund (PSF) GuaranteeOne time$1,500.00$0.07
ContingencyNot reportedOne time$2,596.90$0.11
Escrow agentBank of New York Mellon Trust CoOne time$2,775.00$0.12
Escrow verificationGrant Thornton LLPOne time$3,250.00$0.14
Financial advisorRBC Capital Markets LLCOne time$50,395.31$2.22
Underwriter's spread: management feeNot reportedOne time$22,740.00$1.00
Paying agent and registrarBank of New York Mellon Trust CoOne time$750.00$0.03
Paying agent and registrarBank of New York Mellon Trust CoAnnual$750.00$0.03
PrintingClements Printing Co LLCOne time$1,287.42$0.06
Rating agencyS&POne time$17,250.00$0.76
Underwriter's spread: expensesNot reportedOne time$6,912.96$0.30
Underwriter's spread: takedownNot reportedOne time$93,631.25$4.12
Underwriter's counsel (paid by the underwriter)Norton Rose Fulbright US LLPOne time$12,500.00$0.55

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 4, 2026.

Texas fiscal years run September 1 to August 31.

Figures are as reported to the agency and have not been independently verified.