FY2016-17 Budget Final

BOND DEBT SERVICE DeSoto Economic Development Corporation Sales Tax Revenue Refunding Bonds, Series 2011

Annual Debt Service

Period Ending

Principal 200,000

Coupon 3.500%

Interest 35,050 31,550

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 8/15/2021 9/30/2021 2/15/2022 8/15/2022 9/30/2022 2/15/2023 8/15/2023 9/30/2023 2/15/2024 9/30/2024

235,050 31,550

266,600

205,000

3.500%

31,550 27,963

236,550 27,963

264,513

215,000

3.500%

27,963 24,200

242,963 24,200

267,163

225,000

4.000%

24,200 19,700

249,200 19,700

268,900

230,000

4.000%

19,700 15,100

249,700 15,100

264,800

245,000

4.000%

15,100 10,200

260,100 10,200

270,300

250,000

4.000%

10,200

260,200

5,200

5,200

265,400

260,000

4.000%

5,200

265,200

265,200

1,830,000

302,875

2,132,875

2,132,875

Proceeds from the sale of the bonds will be used to (i) refund the Corporation's outstanding debt to achieve a present value debt service savings, and (ii) pay the costs of professional services including the costs of issuance of the Bonds.

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