State Water Implementation Revenue Fund for Texas Revenue Bonds Series 2018A (Master Trust)
$678,570,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- May 9, 2018
- Fiscal year issued
- 2018
- Par amount
- $832,065,000
- New money / refunding
- $832,065,000 / $0
- Pledge
- Revenue
- Purpose
- Water and sewer
- Program
- TWDB SWIRFT Bonds
- Sale
- Negotiated
- Final maturity
- April 15, 2048
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $678,570,000 | $393,481,800 | $1,072,051,800 |
| 2025 | Period 1 | $683,570,000 | $408,718,475 | $1,092,288,475 |
| 2024 | Year end | $702,570,000 | $424,430,150 | $1,127,000,150 |
| 2024 | Period 1 | $707,570,000 | $440,266,825 | $1,147,836,825 |
| 2023 | Year end | $725,825,000 | $456,559,875 | $1,182,384,875 |
| 2023 | Period 1 | $730,825,000 | $472,977,925 | $1,203,802,925 |
| 2022 | Year end | $748,370,000 | $489,834,600 | $1,238,204,600 |
| 2022 | Period 1 | $753,370,000 | $506,816,275 | $1,260,186,275 |
| 2021 | Year end | $770,240,000 | $524,219,700 | $1,294,459,700 |
| 2021 | Period 1 | $775,240,000 | $541,748,125 | $1,316,988,125 |
| 2020 | Year end | $791,465,000 | $559,682,175 | $1,351,147,175 |
| 2020 | Period 1 | $796,465,000 | $577,741,225 | $1,374,206,225 |
| 2019 | Year end | $812,065,000 | $596,190,275 | $1,408,255,275 |
| 2019 | Period 1 | $822,065,000 | $614,889,325 | $1,436,954,325 |
| 2018 | Year end | $832,065,000 | $631,311,835 | $1,463,376,835 |
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: $3,330,415, or $4.00 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 | $0.01 |
| Bond counsel | McCall Parkhurst & Horton LLP | One time | $156,000.00 | $0.19 |
| Disclosure counsel | Bracewell LLP | One time | $35,000.00 | $0.04 |
| Financial advisor | Hilltop Securities Inc | One time | $259,237.00 | $0.31 |
| Paying agent and registrar | Bank of New York Mellon Trust Co | One time | $2,563.00 | $0.00 |
| Printing | Hilltop Securities Inc | One time | $7,500.00 | $0.01 |
| Printing | ImageMaster LLC | One time | $5,156.00 | $0.01 |
| Rating agency | Fitch | One time | $85,000.00 | $0.10 |
| Rating agency | S&P | One time | $131,750.00 | $0.16 |
| Underwriter's spread: expenses | Not reported | One time | $147,163.00 | $0.18 |
| Underwriter's spread: takedown | Not reported | One time | $2,421,104.00 | $2.91 |
| Travel | Not reported | One time | $8,168.00 | $0.01 |
| Trustee | Bank of New York Mellon Trust Co | One time | $3,274.00 | $0.00 |
| Trustee counsel | Bank of New York Mellon Trust Co | One time | Not reported | |
| Underwriter's counsel (paid by the underwriter) | Orrick Herrington & Sutcliffe LLP | One time | $59,000.00 | $0.07 |
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.