Gen. & Special Obligation Long-Term Debt Issuance & Repayment Analysis1 (in Thousands)
|Beginning Balance as of July 1||19,726,507||20,875,055||21,433,553||21,513,039||22,419,852|
|Debt Retired or Defeased, Exclusive of Refunded Debt||-974,770||-1,202,094||-1,386,527||-1,434,511||-1,486,243|
|Refunding Debt Issued, Net of Refunded Debt3||-110,050||965.0||-4,460||-18,575||-26,125|
|Ending Balance June 302||20,875,055||21,433,553||21,513,039||22,419,852||23,826,301|
Source: Office of the Comptroller.
* Table from page A-76 of the MA Information Statement dated May 24, 2016.
1.) Including premium, discount and accretion of capital appreciation bonds.
2.) Includes federal grant anticipation notes issued as crossover refunding bonds. The refunding escrows funded by these bonds and related premiums are used to pay interest on the refunding bonds until the refunded bonds are callable and then to redeem the refunded bonds. Interest on the refunded bonds prior to redemption continues to be paid from pledged revenues as before.
3.) Amounts may be negative due to defeasances of debt of authorities from the issuance of Commonwealth debt as afforded under General Laws.
4.) In accordance with GAAP, fiscal 2014 includes $200 million in principal related to commercial paper bond anticipation notes (BANS) which were retired subsequent to year-end upon the issuance of long-term general obligation bonds on July 11, 2014.
|Published by MA - Debt Management.|
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