Budgets, Levies, & Debt
Bond Issue - 2004
The 2004 Bond issue was also issued at a premium. This issue included two offerings, $8.3 million and $32.9 million. The $8.3 million offerings were issued as Capital Appreciation Bonds at a coupon rate of 9%. The $32.9 million offerings were Current Interest Bonds at coupon rates between 3.5% and 5.0%.
The higher coupon rates enable the District to collect $46.2 million or $5.0 million more than originally requested.
 2004 Bond Issue |