State Water Implementation Revenue Fund For Texas Rev Bonds Ser 2020 (Master Trust)
$590,715,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- October 8, 2020
- Fiscal year issued
- 2021
- Par amount
- $628,515,000
- New money / refunding
- $628,515,000 / $0
- Pledge
- Revenue
- Purpose
- Water and sewer
- Program
- TWDB SWIRFT Bonds
- Sale
- Negotiated
- Final maturity
- October 15, 2055
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $590,715,000 | $358,297,444 | $949,012,444 |
| 2025 | Period 1 | $594,495,000 | $369,340,944 | $963,835,944 |
| 2024 | Year end | $599,495,000 | $380,509,444 | $980,004,444 |
| 2024 | Period 1 | $603,060,000 | $391,767,069 | $994,827,069 |
| 2023 | Year end | $608,060,000 | $403,124,694 | $1,011,184,694 |
| 2023 | Period 1 | $611,095,000 | $414,543,019 | $1,025,638,019 |
| 2022 | Year end | $616,095,000 | $426,036,344 | $1,042,131,344 |
| 2022 | Period 1 | $618,515,000 | $437,565,969 | $1,056,080,969 |
| 2021 | Year end | $623,515,000 | $449,170,594 | $1,072,685,594 |
| 2021 | Period 1 | $628,515,000 | $461,304,426 | $1,089,819,426 |
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: $2,877,701, or $4.58 per $1,000 of par (computed here).
| Cost | Paid to | Type | Amount | Per $1,000 |
|---|---|---|---|---|
| Attorney General review | Not reported | One time | $9,500.00 | $0.02 |
| Bond counsel | McCall Parkhurst & Horton LLP | One time | $181,000.00 | $0.29 |
| Disclosure counsel | Bracewell LLP | One time | $40,000.00 | $0.06 |
| Financial advisor | Hilltop Securities Inc | One time | $250,000.00 | $0.40 |
| Printing | Hilltop Securities Inc | One time | $7,500.00 | $0.01 |
| Printing | ImageMaster LLC | One time | $3,641.00 | $0.01 |
| Rating agency | Fitch | One time | $80,000.00 | $0.13 |
| Rating agency | S&P | One time | $127,925.00 | $0.20 |
| Underwriter's spread: expenses | Not reported | One time | $150,901.00 | $0.24 |
| Underwriter's spread: takedown | Not reported | One time | $1,862,643.00 | $2.96 |
| Trustee | Bank of New York Mellon Trust Co | One time | $99,591.00 | $0.16 |
| Underwriter's counsel (paid by the underwriter) | Orrick Herrington & Sutcliffe LLP | One time | $65,000.00 | $0.10 |
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.