School Bonding Program and Bond Debt Service Discussion

Bond Debt Service Scenarios (Continued) ◉ Example: Estimated annual debt service (principal and interest) cost of borrowing $250 million using two bond issues as follows: $125 million in the first year $125 million in the fourth year Four scenarios as follows: ◉ Level annual principal, 20-year term ◉ Level annual debt service, 20-year term Level annual principal, 30-year term Level annual debt service, 30-year term Consistent assumptions regarding the level of interest rates, credit ratings, issuance costs, etc. 9 ■ PRAG

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