Cook County Fiscal Strength Presentation
Preliminary Plan of Finance
The County is planning on issuing $247,745,000* in par amount as part of its Series 2021BC plan of
finance
☐
The Series 2021BC Bonds are being issued to:
☐
•
Refund the County's Series 2011A and 2011B General Obligation Bonds
•
Pay costs of issuance related to the Series 2021BC Bonds
The Series 2021BC Bonds are expected to amortize between November 2022 and 2028 and provide annual savings
$mm
300
200
100
2022
Pro Forma Debt Service (FYE 11/30)*
Existing GO D/S (Net of Refunding)
■2021BC Principal
■2021BC Interest
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
*Preliminary, subject to change.
Note: Interest rate on variable rate bonds assumed to be 5% for the Series 2004D Bonds and the Series 2012B Bonds bearing interest at taxable rates and 4.5% for the Series 2012A Bonds
bearing interest at tax-exempt rates. Interest rate fixed to 1.00% for the Series 2014C Bonds, which are subject to mandatory tender on September 30, 2023. No effect given to payments from
the federal government in connection with "Build America Bonds". Interest rate for the Series 2021BC Bonds assumed to be 5%. Please see inside cover of Preliminary Official Statement
dated November 5, 2021 for preliminary principal schedule.
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