FY2016-17 Budget Final

BOND DEBT SERVICE City of DeSoto, Texas General Obligation Refunding Bonds, Series 2011 (I&S Tax)

Non Callable

Annual Debt Service

Period Ending

Principal

Coupon

Interest Debt Service

2/15/2017 8/15/2017 9/30/2017 2/15/2018 8/15/2018 9/30/2018 2/15/2019 8/15/2019 9/30/2019 2/15/2020 8/15/2020 9/30/2020 2/15/2021 9/30/2021

18,700 18,700

18,700 18,700

37,400

18,700 18,700

18,700 18,700

37,400

18,700 18,700

18,700 18,700

37,400

18,700 18,700

18,700 18,700

37,400

935,000

4.000%

18,700

953,700

953,700

935,000

168,300 1,103,300

1,103,300

Proceeds from the sale of the Bonds will be used for (i) refunding a portion of the City's outstanding debt (the "Refunded Obligations"), and (ii) paying costs of issuing the Bonds.

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