MSU RFS Rev and Ref Bonds, Series 2016AB

$55,890,000 of principal outstanding at the end of fiscal year 2025.

Terms

Closing date: September 15, 2016
Fiscal year issued: 2017
Par amount: $84,040,000
New money / refunding: $51,005,000 / $33,035,000
Pledge: Revenue
Purpose: School facilities and equipment
Program: College and University Bonds
Sale: Negotiated
Final maturity: December 1, 2035

Debt outstanding by fiscal year

Principal, interest and debt service outstanding at each reporting date
Fiscal year	Period	Principal	Interest	Total debt service
2025	Year end	$33,280,000	$7,990,550	$41,270,550
2025	Year end	$22,610,000	$4,358,574	$26,968,574
2025	Period 1	$33,280,000	$8,694,100	$41,974,100
2025	Period 1	$22,610,000	$4,799,627	$27,409,627
2024	Year end	$24,605,000	$5,281,243	$29,886,243
2024	Year end	$35,565,000	$9,454,775	$45,019,775
2024	Period 1	$24,605,000	$5,762,859	$30,367,859
2024	Period 1	$35,565,000	$10,215,450	$45,780,450
2023	Year end	$26,520,000	$6,282,712	$32,802,712
2023	Year end	$37,740,000	$11,030,500	$48,770,500
2023	Period 1	$26,520,000	$6,802,565	$33,322,565
2023	Period 1	$37,740,000	$11,845,550	$49,585,550
2022	Year end	$39,810,000	$12,712,350	$52,522,350
2022	Year end	$28,360,000	$7,358,528	$35,718,528
2022	Period 1	$39,810,000	$13,579,150	$53,389,150
2022	Period 1	$28,360,000	$7,914,491	$36,274,491
2021	Year end	$30,135,000	$8,504,303	$38,639,303
2021	Year end	$41,780,000	$14,495,200	$56,275,200
2021	Period 1	$41,780,000	$15,411,250	$57,191,250
2021	Period 1	$30,135,000	$9,094,115	$39,229,115
2020	Year end	$43,655,000	$16,374,175	$60,029,175
2020	Year end	$31,625,000	$9,710,302	$41,335,302
2020	Period 1	$43,655,000	$17,337,100	$60,992,100
2020	Period 1	$31,625,000	$10,326,490	$41,951,490
2019	Year end	$33,065,000	$10,962,983	$44,027,983
2019	Year end	$45,445,000	$18,335,825	$63,780,825
2019	Period 1	$45,445,000	$19,334,550	$64,779,550
2019	Period 1	$33,065,000	$11,599,476	$44,664,476
2018	Year end	$33,065,000	$12,235,970	$45,300,970
2018	Year end	$47,175,000	$20,359,225	$67,534,225
2018	Period 1	$47,175,000	$21,383,900	$68,558,900
2018	Period 1	$33,065,000	$12,872,463	$45,937,463
2017	Year end	$48,860,000	$22,425,425	$71,285,425
2017	Year end	$33,065,000	$13,508,956	$46,573,956
2017	Period 1	$48,860,000	$23,466,950	$72,326,950
2017	Period 1	$33,065,000	$14,145,450	$47,210,450

State issues are reported twice each fiscal year. "Year end" is the balance at the end of the fiscal year (reporting period 2), which the totals on this site use; "Period 1" is the earlier report in the same year.

Costs of issuance

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One-time costs reported: $738,986, or $8.79 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	$19,000.00	$0.23
Bond counsel	Andrews & Kurth LLP	One time	$50,000.00	$0.60
Disclosure counsel	McCall Parkhurst & Horton LLP	One time	$37,251.00	$0.44
Escrow agent	Wilmington Trust NA	One time	$3,800.00	$0.05
Escrow verification	Grant Thornton LLP	One time	$5,000.00	$0.06
Financial advisor	First Southwest Co LLC	One time	$82,070.00	$0.98
Underwriter's spread: management fee	Not reported	One time	$21,675.00	$0.26
Printing	Financial Printing Resources Inc	One time	$298.00	$0.00
Rating agency	Fitch	One time	$50,000.00	$0.60
Rating agency	Moodys	One time	$60,000.00	$0.71
Underwriter's spread: expenses	Not reported	One time	$52,701.08	$0.63
Structuring	Not reported	One time	$7,000.00	$0.08
Underwriter's spread: takedown	Not reported	One time	$320,346.00	$3.81
Travel	Not reported	One time	$4,633.00	$0.06
Underwriter's counsel (paid by the underwriter)	Winstead PC	One time	$25,212.00	$0.30

Source: State Issuance Fee By Year (updated by the publisher Aug 27, 2026); Debt Outstanding By Issuance State By Year (updated by the publisher Aug 26, 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.