Northern Palm Beach County Improvement District
$14,460,000 Water Control and Improvement Refunding Bonds, Unit of  Development No. 9B, Series 2015
 Role: Senior Manager

  • In May 2015, Estrada Hinojosa served as the senior managing underwriter for the Northern Palm Beach County Improvement District’s (the “District”) $14,460,000 of Water Control and Improvement Refunding Bonds, Unit of Development No. 9B, Series 
  • $14,460,000 of the Series 2015 bonds were issued to current refund for savings $18,945,000 of existing District bonds. The refunding generated:
    • Gross Savings of: $7,884,449
    • Present Value Savings of: $1,331,727 or (7.0% of the refunded par)
  • The Series 2015 bonds were insured by Assured Guaranty Municipal Corp. with a rating of AA (stable) by S&P; the underlying ratings of the bonds were BBB+.

 

 

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