Orange County NC Website
Browse       Search
Key Financing Terms 12 <br /> ➢ Security Pledge- County Assets serve as Collateral and subject to Annual County <br /> Appropriations <br /> ➢ Maturity Term- 7- 20 Year maturities matches the useful life of the assets <br /> ➢ February 1 and August 1 Repayment Dates to Bank Trustee; First Interest Payment <br /> February 2024 consistent with the Debt Model <br /> ➢ Estimated Interest Rates- Between 3-4% subject to market conditions <br /> ➢ Series 2023 Limited Obligation Bonds Maximum Annual Debt Service not exceeding $2.01 <br /> million in FY 2025 (based on current market interest rates) <br /> ➢ Source of Repayment- Property Taxes, there is no Enterprise Fund Projects with this <br /> financing. <br /> ➢ Limited Obligation Bonds are Subordinate Lien to AAA General Obligation Bonds <br /> ➢ Current Limited Obligation Bonds- AA1/AA+/AA+ from Moody's, StandarQ NG&CL 3UNTY <br /> Fitch Ratings NORTH CAROLINA <br />