Laserfiche WebLink
City of Santa Ana <br />Pension Obligation Bonds <br />Scenario 2 - Fresh Start <br />Amounts in $000s <br />Miscellaneous <br />Safety <br />Total <br />Sources: <br />ParAmount <br />234,905.000 <br />414,000.000 <br />648,905.000 <br />Premium / (Discount) <br />- <br />- <br />- <br />Other Sources <br />- <br />- <br />- <br />Total Sources <br />234,905.000 <br />414,000.000 <br />648,905.000 <br />Uses: <br />FY22 UAL Prepayment <br />25,244.430 <br />29,101.640 <br />54,346.070 <br />POB Deposit <br />208,599.536 <br />383,035.067 <br />591,634.604 <br />Capitalized Interest <br />- <br />- <br />- <br />Underwriter's Discount <br />528.536 <br />931.500 <br />1,460.036 <br />Costs of Issuance <br />528.536 <br />931.500 <br />1,460.036 <br />Additional Proceeds <br />3.961 <br />0.293 <br />4.253 <br />Total Uses <br />234,905.000 <br />414,000.000 - <br />648,905.000 <br />Average Life <br />12.0 years <br />13.6 years <br />13.0 years <br />TIC <br />2.808% <br />2.882% <br />2.857% <br />All -in TIC <br />2.831% <br />2.903% <br />2.878% <br />Bond Structure <br />Dated Date <br />7/15/2021 <br />7/15/2021 <br />First Payment <br />6/1/2022 <br />6/1/2022 <br />First Maturity <br />6/1/2022 <br />6/1/2022 <br />Final Maturity <br />6/1/2044 <br />6/1/2044 <br />Capitalized Interest Until <br />Bond Components <br />Structure <br />Par Amount <br />Coupon <br />Price <br />Final Maturity <br />Avg. Life <br />Serials <br />346,395.000 <br />2.295% <br />100.000 <br />6/1/2035 <br />8.2 years <br />Term Bond 1 <br />302,510.000 <br />3.160% <br />100.000 <br />6/1/2044 <br />18.4 years <br />Term Bond 2 <br />- <br />100.000 <br />1/0/1900 <br />Total <br />648,905.000 <br />2.867% <br />100.000 <br />6/1/2044 <br />13.0 years <br />BofA Securities - Preliminary Analysis 3/10/2021 Page 3 of 18 <br />