Texas Transportation Commission Grand Parkway Transportation Corporation
Series 2018A, 2018B, and BANs
$712,100,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- May 30, 2018
- Fiscal year issued
- 2018
- Par amount
- $1,483,955,000
- New money / refunding
- $1,483,955,000 / $0
- Pledge
- Revenue
- Purpose
- Toll road
- Program
- Grand Parkway Transportation Corp
- Sale
- Negotiated
- Final maturity
- October 1, 2052
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $712,100,000 | $580,291,750 | $1,292,391,750 |
| 2025 | Period 1 | $712,100,000 | $598,094,250 | $1,310,194,250 |
| 2024 | Year end | $712,100,000 | $615,896,750 | $1,327,996,750 |
| 2024 | Period 1 | $712,100,000 | $633,699,250 | $1,345,799,250 |
| 2023 | Year end | $712,100,000 | $651,501,750 | $1,363,601,750 |
| 2023 | Period 1 | $878,625,000 | $906,508,000 | $1,785,133,000 |
| 2022 | Year end | $1,483,955,000 | $953,695,708 | $2,437,650,708 |
| 2022 | Period 1 | $1,483,955,000 | $990,794,583 | $2,474,749,583 |
| 2021 | Year end | $1,483,955,000 | $1,027,893,458 | $2,511,848,458 |
| 2021 | Period 1 | $1,483,955,000 | $1,064,992,333 | $2,548,947,333 |
| 2020 | Year end | $1,483,955,000 | $1,102,091,208 | $2,586,046,208 |
| 2020 | Period 1 | $1,483,955,000 | $1,139,190,083 | $2,623,145,083 |
| 2019 | Year end | $1,483,955,000 | $1,176,288,958 | $2,660,243,958 |
| 2019 | Period 1 | $1,483,955,000 | $1,213,387,833 | $2,697,342,833 |
| 2018 | Year end | $1,483,955,000 | $1,238,326,522 | $2,722,281,522 |
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
Download CSVOne-time costs reported: $10,384,605, or $7.00 per $1,000 of par (computed here).
| Cost | Paid to | Type | Amount | Per $1,000 |
|---|---|---|---|---|
| Attorney General review | Not reported | One time | $28,500.00 | $0.02 |
| Bond counsel | McCall Parkhurst & Horton LLP | One time | $1,609,214.00 | $1.08 |
| Co underwriter counsel (paid by the underwriter) | Mahomes Bolden & Warren PC | One time | $60,000.00 | $0.04 |
| Disclosure counsel | Bracewell LLP | One time | $1,390,894.00 | $0.94 |
| Financial advisor | Estrada Hinojosa & Co Inc | One time | $430,000.00 | $0.29 |
| Other costs | Mayer Brown LLP | One time | $314,245.00 | $0.21 |
| Paying agent and registrar | US Bank | One time | Not reported | |
| Printing | ImageMaster LLC | One time | $10,000.00 | $0.01 |
| Rating agency | Fitch | One time | $275,000.00 | $0.19 |
| Rating agency | S&P | One time | $270,000.00 | $0.18 |
| Underwriter's spread: expenses | Not reported | One time | $410,739.00 | $0.28 |
| Underwriter's spread: takedown | Not reported | One time | $5,419,013.00 | $3.65 |
| Trustee | US Bank | One time | $7,000.00 | $0.00 |
| Trustee counsel | Locke Lord LLP | One time | $20,000.00 | $0.01 |
| Underwriter's counsel (paid by the underwriter) | Winstead PC | One time | $140,000.00 | $0.09 |
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.