Cook County, Illinois General Obligation Refunding Bonds
Preliminary Plan of Finance
The County is planning to issue $279,805,000* in par amount as part of its Series 2022AB plan of
finance
The Series 2022AB Bonds are being issued to:
•
Refund the County's Series 2012C General Obligation Bonds
•
Pay costs of issuance related to the Series 2022AB Bonds
■ The Series 2022AB Bonds are expected to amortize between November 2022 and 2033 and provide annual debt service
savings
($mm)
300
250
200
150
100
50
0
2022
Pro Forma Debt Service (FYE 11/30)*
Existing GO Debt Service (Net of Refunding)
■Series 2022A Debt Service
■Series 2022B Debt Service
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. No effect given to payments from the federal government in connection with "Build America Bonds". Interest rate for the Series 2022AB Bonds assumed to
be 5%. Please see inside cover of Preliminary Official Statement dated August 3, 2022 for preliminary principal schedule.
CO
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