|
|
Local Government Revenue Bonds, 2007 Series |
|
Loan Principal Outstanding |
|
|
|
Participant or |
Principal |
|
|
|
|
Guarantor Rating |
Outstanding |
|
|
Borrower |
Description |
County |
Moody's |
S&P |
9-Apr-09 |
|
|
|
|
|
|
|
|
| Fixed Rate
Loans |
|
|
|
|
|
|
| Delaware County |
1997 Note |
Delaware |
Aa2 |
AA |
$
49,890,000 |
|
| East Goshen Township |
1999 Note |
Chester |
A1 |
--- |
2,031,000 |
|
| Franklin Township |
2008 Notes |
Chester |
A2 |
--- |
2,916,000 |
|
| Lower Makefield Township |
2001 A Note |
Bucks |
Aa2 |
--- |
600,000 |
|
| Lower Makefield Township |
2001 B Note |
Bucks |
Aa2 |
--- |
4,655,000 |
|
| Millersville Borough |
2007 Note |
Lancaster |
A3 |
--- |
1,165,000 |
|
| Millersville Borough |
2007 Guaranteed Note |
Lancaster |
A3 |
--- |
2,486,000 |
|
| Plumstead Township |
2008 Note |
Bucks |
A1 |
--- |
2,413,000 |
|
| West Chester Borough |
1998 B Note |
Chester |
A3 |
--- |
1,372,000 |
|
| Subtotal |
|
|
|
|
67,528,000 |
|
|
|
|
|
|
|
|
| Variable Rate
Loans |
|
|
|
|
|
|
| Buckingham Township |
2008 B Note |
Bucks |
Aa2 |
--- |
2,395,000 |
|
| Delaware County |
2007 A Note |
Delaware |
Aa2 |
AA |
25,820,000 |
|
| Lancaster County |
2002 A Note |
Lancaster |
Aa3 |
--- |
25,020,000 |
(2) |
| London Grove Township |
2009 Notes |
Chester |
A3 |
--- |
-
|
(1) |
| Pocopson Township |
2007 B Note |
Chester |
--- |
--- |
1,822,000 |
(2) |
| Rose Tree Media School District |
2007 B Bond |
Delaware |
--- |
AA |
14,455,000 |
|
| West Goshen Sewer Authority |
1998 Note |
Chester |
Aa3 |
--- |
3,823,000 |
|
| Subtotal |
|
|
|
|
73,335,000 |
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
$
140,863,000 |
|
|
|
|
|
|
|
|
| (1) Loan in process. |
|
|
|
|
|
|
| (2) Loan repayments
insured by FSA. |
|
|
|
|
|
|
|
|
Local Government Revenue Bonds, 2007 Series |
|
Market Value of Interest Rate Swaps |
|
|
|
|
|
|
|
|
|
|
|
|
Average |
|
|
20-Apr-09 |
|
|
|
Notional |
Maturity |
Payor |
Receiver |
Market |
|
Interest Rate Swaps |
Description |
|
Outstanding |
(years) |
Rate |
Rate |
Value |
|
|
|
|
|
|
|
|
|
| 2007 Series
Bonds |
Series A |
|
$
10,050,000 |
28.11 |
Swap Index |
4.274% |
$
1,980,555 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Swap Index |
67% of 3-Month |
|
| 2007 Series
Bonds |
Series C, 20 Year |
|
50,000,000 |
18.11 |
plus 0.328% |
LIBOR plus 0.65% |
(3,308,091) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Swap Index |
67% of 3-Month |
|
| 2007 Series
Bonds |
Series C, 30 Year |
|
50,000,000 |
28.11 |
plus 0.346% |
LIBOR plus 0.75% |
(4,822,393) |
|
|
|
|
|
|
|
|
| Subtotal |
|
|
110,050,000 |
23.57 |
|
|
(6,149,929) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total swaps to provide fixed rate loans |
|
67,528,000 |
3.53 |
Fixed rates |
Swap Index |
(2,999,273) |
|
|
|
|
|
|
|
|
|
Total |
|
$ 177,578,000 |
15.95 |
|
|
$
(9,149,202) |
|
|
 |
|