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Aug 25, 2021 11:00 am Page 2 <br />BOND SUMMARY STATISTICS <br />CITY OF SANTA ANA <br />2021 Taxable Pension Obligation Bonds, Series A <br />August 25, 2021 <br />FINAL PRICING NUMBERS <br />Dated Date 09/08/2021 <br />Delivery Date 09/08/2021 <br />First Coupon 02/01/2022 <br />Last Maturity 08/01/2044 <br />Arbitrage Yield 2.790384% <br />True Interest Cost (TIC) 2.807905% <br />Net Interest Cost (NIC) 2.827905% <br />All-In TIC 2.816174% <br />Average Coupon 2.813565% <br />Average Life (years) 13.348 <br />Weighted Average Maturity (years) 13.348 <br />Duration of Issue (years) 11.085 <br />Par Amount 425,830,000.00 <br />Bond Proceeds 425,830,000.00 <br />Total Interest 159,920,506.44 <br />Net Interest 160,735,564.46 <br />Total Debt Service 585,750,506.44 <br />Maximum Annual Debt Service 40,748,935.75 <br />Average Annual Debt Service 25,581,727.81 <br />Underwriter's Fees (per $1000) <br /> Average Takedown 1.750000 <br /> Other Fee 0.164046 <br />Total Underwriter's Discount 1.914046 <br />Bid Price 99.808595 <br />Par Average Average PV of 1 bp <br />Bond Component Value Price Coupon Life change <br />Serial Bond 201,205,000.00 100.000 2.221% 9.161 163,052.35 <br />Term Bond (2044) 224,625,000.00 100.000 3.098% 17.098 366,138.75 <br />425,830,000.00 13.348 529,191.10 <br />All-In Arbitrage <br />TIC TIC Yield <br />Par Value 425,830,000.00 425,830,000.00 425,830,000.00 <br /> + Accrued Interest <br /> + Premium (Discount) <br /> - Underwriter's Discount -815,058.02 -815,058.02 <br /> - Cost of Issuance Expense -383,924.98 <br /> - Other Amounts <br />Target Value 425,014,941.98 424,631,017.00 425,830,000.00 <br />Target Date 09/08/2021 09/08/2021 09/08/2021 <br />Yield 2.807905% 2.816174% 2.790384%