HomeMy WebLinkAboutSubmittal-Back Up DocumentsBOND SUMMARY STATISTICS
City ofMiamL Florida
Tax -Exempt Special Obligation Parking Revenue Bonds, Series 2010A
Dated Date
07129/2010
Delivery Date
07,29/2010
First Coupon
0 1 10 1120 1 1
Last Maturitv
07/012039
Arbitrage Yield
5-954720%
True Interest Cos* (TIC)
5,967021%
Net Interest Cost (NIQ
5.650119%
All -In TIC
6.00299%
Average Coupon
5.539178%
Average Life (years)
23.971
Duration of Issue (years)
12.797
Par Amount
86,690,000.00
Bond Proceeds
84,944,970.40
Total Interest
115,107,019.67
Net Interest
117,412,435.75
Total Debt Service
201,797,019,67
Maximum Anna Debt Service
11,526,437.50
Average Annual Debt Service
6,977,230-80
Underwriter's Fees (per $1000)
5.500%
Average Takedown
6,051520
Other Fee
0.412739
Total Underwriters Discount
All -In
6.464257
TIC TIC
Yield
Bid Price
86,690,000,00 86,690,000.00
86,690,000.00
97340621
• Premium (Discount)
(1,745,029.60) (1,745.0290)
Par
Underwriter's Discount
Average
Average
Cost of Issuance Expense
PV of I by
Bond Component
Value
Price
Coupon
Life
Duration
change
Term Bond due in 2030 (Tax -Exempt Series 20 IDA)
13,765,000.00
98.851
5,375%
18.943
12.019
16,518.00
Term Bond due in 2035 (Tax -Exempt Series 2010A)
39,400,000.00
97350
5.500%
23,046
13,177
50,826.00
Term Bond due in 2039 (Tax -Exempt Series 2010A)
33,525,000.00
98.381
5,625%
27.164
14.115
46,599.75
86,690,000,00
23,971
113,943.75
1 3
r"'UBLIC RECORD FOR
ITEM tjA-.1-ON
Jul 7, 2010 3:18 pm Prepared by FirstSouthwest (Finance 6.017 Miami:201 0AB_I) Page I I
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T,
All -In
Arbitrage
TIC TIC
Yield
Par Value
86,690,000,00 86,690,000.00
86,690,000.00
• Accrued Interest
• Premium (Discount)
(1,745,029.60) (1,745.0290)
(1,745,029.60)
Underwriter's Discount
(560,386+48) (560,386.48)
Cost of Issuance Expense
(530,69107)
Other Amounts
(2,421,56424) (2,550,492.15)
(2,421,56424)
Target Value
81,963,019.68 81,303,3900
82,523,406,16
Target Date
07/29/2010 07/29/2010
07/29/2010
Yield
5,967021-/8, uM
6"'TI
5�
T°!
O THE
1 3
r"'UBLIC RECORD FOR
ITEM tjA-.1-ON
Jul 7, 2010 3:18 pm Prepared by FirstSouthwest (Finance 6.017 Miami:201 0AB_I) Page I I
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BOINTI) SUMMARY STATISTICS
City of Miami, Florida
Taxable Special Obligation Parking Revenue Bonds- Series 2010E
Dated Date
07129,12010
Delivery Date
071291201 0
First Coupon
01/01/20,11
Last Maturity
0710112027
Arbitrage Yield
5-9547200/.
True Interest Cost (TIC)
8,542971%
Net Interest Cost (-ANC)
8.190158%
All -In TIC
8.642009%
Average Coupon
8.132778%
Average Life (years)
13.790
Duration of Issue (years)
8.121
Par Amount
16,940,000.00
Bond Proceeds
16,940,000.00
Total laterest
18,998,36818
Net Interest
19,132,410.05
Total Debt Set -vice
35,938,368.28
Maximum Annual Debt Service
3,754,332,00
Average Annual Debt Service
2,123,738.11
Underwriter's Fees (per $1000)
07/29/2010
Average Takedown
7.500000
Other Fee
0-412737
Total Underwriter's Discount 7,912737
Bid Price 99.208726
item r7 A 1 on (Voo 170
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Jul 7, 2010 3:18 pm Prepared by FirstSouthwest (Finance 6.017 Miami:2010AB-1) Page 17
Par
Average
Average
PV of I by
Bond Component
Value
Price Coupon
Life Duration
change
Term Bond due in 2020 (Taxable Series 2010B)
1,810,000-00
100.000 T280%
8,116 6.227
1,267,00
Term Bond due in 2027 (Taxable Series 2010B)
15,130,000.00
100,000 8.190%
14.469 8.677
13,768.30
- Underwriter's Discount
16,940,000.00
(134,041,77)
13.790
15,035,30
item r7 A 1 on (Voo 170
Pdscilla A. Thoffqm"
C4 Cie*
Jul 7, 2010 3:18 pm Prepared by FirstSouthwest (Finance 6.017 Miami:2010AB-1) Page 17
All -In
Arbitrage
TIC
TIC
Yield
Par Value
16,940,000.00
16,940,000.00
+ Accrued Interest
+ Premium (Discount)
- Underwriter's Discount
(134,041,77)
(134,041,77)
- Cost of Issuance Expense
(103,702.18)
-Other Amounts
(431,260,42)
(456,454.09)
(431,260.42)
Target Value
16,374,697.81
16245,801,96
(431,260A2)
Target Date
07/29/2010
07/29/2010
07/29/2010
Yield
8,542971%
9.642009%
5.954720%
item r7 A 1 on (Voo 170
Pdscilla A. Thoffqm"
C4 Cie*
Jul 7, 2010 3:18 pm Prepared by FirstSouthwest (Finance 6.017 Miami:2010AB-1) Page 17
Elti�F 4', �, -3
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Arbitrage Yield
BOND SLINLMARY STATISTICS
True Interest Cost (TIC)
Cite of Miami_ Florida
Special Obligation
Parking Revenue Bonds, Series 2010A&B
Al Mn TIC
Uniasured Market Rates as of 717'2010
Average Coupon
(I 00 . Cash Funded DSRF)
Avera ge Life (years)
llrelimniar,-,'Subject to Change
Dared Dat.-
0
Deliver Date
07/291'"010
First Coupon
01/01/2011
Last Maturity,
07/011'_039
Arbitrage Yield
6.068852°
True Interest Cost (TIC)
6A70903%
Net Interest Cost 'NIC)
6,3377167%
Al Mn TIC
6 5224310%
Average Coupon
6.258495%
Avera ge Life (years)
22462
:
Duration of Issue (-ears)
11.882
Par Amount
106,285.000M
Bond Proceeds
'M;13441265.03
Total Interest
149,654-563.84
Net Interest
151.308.382.64
Total Debt Service
255,939,563.84
Maximum Annual Debt Senwe
12,149fl00.00
Average Annual Debt Service
8,849,235.78
Underwriter's Fees (per S 1000)
Average TaKedown
6.3{33218
Other Fee
0,405950
Total underwriter's Discount 6.709167
Bid Price 98,443977
Par Average Average PV of I by
Bond Component Value Price Coupon Life Duration change
Term Bond due in 2020 (Taxable Series 201 OB) 1,560,000-00 100.000 7 . 8 5 0% 8.134 6,120 1,060.80
Term Bond due in 2028 (Taxable Series 2010B) 15,900,000.00 100,000 8,780% 14,665 8 462 14,15 1.00
Term Bond due in 2030 (Tax -Exempt Series 2010A) 12,935,000.00 98,895 5.875% 18.981 1L632 14,745,90
Term Bond due in 2035 (Tax -Exempt Series 2010A) 40,460,000.00 99,100 6.0001,,a 23,055 12.709 50,979.60
Term Bond due in 2039 (Tax -Exempt Series 2010A) 35,430,000.00 98,776 6.000% 27.187 13.638 47,12190
106,285,000,00 22.462 128,059 20
All -In Arbitrage
TIC TIC Yield
Par Value 106,2853,000,00 106,285,000.00 88,825,000.00
• Accrued Interest
• Prermuni (Discount) (940,734,95) (940,734.95) (940,734.95)
underwriter's Discount (713,083,85) (713,083.85)
Cost of Issuance Expense (6407169,88)
Other Amounts
'40
Tareet Value 104,63 1, 18 1.20 103,991,011.32 87,884,265.05 C
Target Date 07,12912010 07/29!2010 07/29/2010 § -7 M
Yield 6.470903% 6.524310% 6,068852% ca
E 0 -
Jul 7, 2010 5:17 pm Prepared by FirstSouthwest (Finance 6.0l7Miw-ni:20J0AB_l) Page
BOND SLWb,1ARY STATISTICS
CiTv of MiamL Florida
Special Obligation Parking Revenue Bonds. Series 20 1 OA&,B
AGM Insured Market Rates as of 7/7,'2010
(50% Cash 150% Surety Funded DSRF)
Preliminary/Subject
to Change
Dated Date
0712912010
Delivery Date
07/29/2010
First Coupon
01/01/2011
Last Maturity
07/01/2039
Arbitrage Yield
5.954720%
True Interest Cost (nC)
6.297109%
Net Interest Cost (NIC)
5.906901%
All -In TIC
6.365717%
Average Coupon
5.801272%
Average Life (years)
22.307
Duration of Issue (years)
11.786
Par Amount
103,630,000.00
Bond Proceeds
101,884,970.40
Total Interest
134,105,387-95
Net Interest
39,400,000D0
Total Debt S ery ice
237,735,387.95
Maximum Annual Debt Service
11,526,437,50
Average Annual Debt Service
8,219,817.49
Underwriter's Fees (per $1000)
98.381
Average Takedown
6.288297
Other Fee
0.412738
Total UnderATiter's Discount 6.701035
Bid Price 97.645993
Jul 7, 2010 3:18 pm Prepared by FirstSouthwest (Finance 6.017 Miami., 201 0AB_I) Page
Par
All -In
Average
Average
PV of I by
Bond Component
Value
Price
Coupon
Life
Duration
change
Term Bond due in 2020 (Taxable Series 2010B)
1,810,000.00
100.000
7.280%
8.116
6.227
1,267,00
Term Bond due in 2027 (Taxable Series 20 1 OB)
15,130,000.00
100,000
8.190%
14,469
8.677
13,76830
Term Bond due in 2030 (Tax -Exempt Series 2010A)
13,765,000,00
98.851
5,375%
18.843
12.019
16,518,00
Term Bond due in 2035 (Tax -Exempt Series 2010A)
39,400,000D0
97,350
5.500%
23,046
13.177
50,926.00
Tenn Bond due in 2039 (Tax -Exempt Series 2010A)
33,525,000.00
98.381
5,625%
27.164
14.115
46,59935
—
103,630,000.00
22.307
cr
128,979.05
Jul 7, 2010 3:18 pm Prepared by FirstSouthwest (Finance 6.017 Miami., 201 0AB_I) Page
All -In
Arbitrage
TIC
TIC
Yieldyy
0 j6
Par Value
103,630,000.00
103,630,000.00
96,690,000.00
0 (6
* Accrued Interest
*Premium (Discount)
(1,745,029.60)
(1,745,029,60)
(1,745,029.60)
E
0
Underwriter's Discount
(694,428,25)
(694,428,25)
Cost of Issuance Expense
(634,395,25)
C:
Other Amounts
(2,852,824.66)
(3,006,946-24)
(2,852,824,66)
0
Target Value
98,337,717.49
97,549,200.66
82,092,145,74
—
cr
Target Date
07/2912010
07129/2010
07/29/2010
Yield
6.297109%
6,365717%
5.954720%
8 E
Jul 7, 2010 3:18 pm Prepared by FirstSouthwest (Finance 6.017 Miami., 201 0AB_I) Page