powerpoint presentation spring... · principal maturity october 1 coupon rate price yield cusip*...
TRANSCRIPT
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Principal
Maturity
October 1
Coupon
Rate Price Yield CUSIP* Principal
Maturity
October 1
Coupon
Rate Price Yield CUSIP*
$1,000,000 2017 4.000% 108.112% 1.220% 45471AMM1 $1,220,000 2022 5.000% 113.644% 3.060% 45471AMS8
1,040,000 2018 4.000 109.219 1.600 45471AMN9 1,280,000 2023 5.000 113.119 3.300 45471AMT6
1,085,000 2019 4.000 109.435 2.000 45471AMP4 1,345,000 2024C 5.000 111.554 3.490 45471AMU3
1,125,000 2020 4.000 108.864 2.400 45471AMQ2 1,410,000 2025 3.500 98.030 3.720 45471AMV1
1,170,000 2021 4.000 107.823 2.760 45471AMR0 1,460,000 2026 3.500 97.133 3.800 45471AMW9
MATURITIES, PRINCIPAL AMOUNTS, INTEREST RATES, PRICES AND YIELDS
$4,760,000 5.000% Term Bonds due October 1, 2029C – Price: 108.502% Yield: 3.870% CUSIP*: 45471AMX7
$9,520,000 4.250% Term Bonds due October 1, 2034 – Price: 98.410% Yield: 4.370% CUSIP*: 45471AMY5
$27,090,000 5.000% Term Bonds due October 1, 2044C – Price: 104.410% Yield: 4.400% CUSIP*: 45471AMZ2
Principal
Maturity
October 1
Coupon
Rate Price Yield CUSIP* Principal
Maturity
October 1
Coupon
Rate Price Yield CUSIP*
$1,000,000 2017 4.000% 108.112% 1.220% 45471AMM1 $1,220,000 2022 5.000% 113.644% 3.060% 45471AMS8
1,040,000 2018 4.000 109.219 1.600 45471AMN9 1,280,000 2023 5.000 113.119 3.300 45471AMT6
1,085,000 2019 4.000 109.435 2.000 45471AMP4 1,345,000 2024C 5.000 111.554 3.490 45471AMU3
1,125,000 2020 4.000 108.864 2.400 45471AMQ2 1,410,000 2025 3.500 98.030 3.720 45471AMV1
1,170,000 2021 4.000 107.823 2.760 45471AMR0 1,460,000 2026 3.500 97.133 3.800 45471AMW9
MATURITIES, PRINCIPAL AMOUNTS, INTEREST RATES, PRICES AND YIELDS
$4,760,000 5.000% Term Bonds due October 1, 2029C – Price: 108.502% Yield: 3.870% CUSIP*: 45471AMX7
$9,520,000 4.250% Term Bonds due October 1, 2034 – Price: 98.410% Yield: 4.370% CUSIP*: 45471AMY5
$27,090,000 5.000% Term Bonds due October 1, 2044C – Price: 104.410% Yield: 4.400% CUSIP*: 45471AMZ2
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Apr 5, 2018 Apr 5, 2017
3.85%
3.90%
3.95%
4.06%
4.21%
4.41%
3.65%
3.85%
4.05%
4.25%
4.45%
4.65%
A+ A+ A- BBB+ BBB BBB-
All-in Cost of Capital By Rating
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• Timing of construction draws and duration of project construction
• Timing of each phase
• Future facility needs within context of facility planning and service area needs
• Impact of prevailing conditions on options and timing
• Impact of new financing of existing debt (diversification)
• Refinancing options (capacity)
• Level of interest rates• Shape of yield curve
• Board and Management comfort with current and pro forma debt profile
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One-month LIBOR 10 Year AAA MMD
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