Generally, the volume of new money bond
issues has been greater than bonds issued for refunding purposes.
No further new money bond
issuances are planned for at least the next five years.
Proceeds from this new money bond
issuance will fund the construction and upgrades of district facilities including the district's Academic Core Project (3 major new facilities), athletic fields and improvements to safety and accessibility.
This scenario includes another anticipated $2.9 billion in new money bonds
for the MOVE Illinois program with a majority borrowed at a 5.5% rate, which Fitch believes is a reasonable rate assumption.
The debt-for-equity swap will see the firm's long-term borrowings reduced from PS1.35bn to PS350m, alongside a new capital raise of PS150m funded by issuing new money bonds
The debt-for-equity swap will see the firm's long-term borrowings reduced from PS1.35 billion to PS350 million, alongside a new capital raise of PS150 million funded by issuing new money bonds
. As a result, New Look's annual interest payments will reduce from PS80 million to PS40 million and its borrowings have been extended to 2024, giving it breathing space.
The restructuring will mean the firm's long-term debt is reduced from PS1.35billion to PS350million, alongside a new capital raise of PS150million funded by the issuing of new money bonds
In January this year the Philippines successfully returned to the global bond market with $2 billion in 10-year new money bonds
The reduced interest rate environment of the early 1990s created opportunities to issue new money bonds
as well as refinance debt issued in the 1980s.
Thirteen billion dollars in new money bonds
have been issued for public and private sector funding.
The county has stated it has no plans for additional issuance, and it has not issued new money bonds
backed by the PST in more than 10 years.