Debt IssuanceEngagementsCity of Springfield, Illinois Engagements – Debt Issuance
KFCI has served as financial advisor to the City of Springfield Illinois on 14 issues totaling $701 million since 1997.
| $198,080,000 | 4/2007 | Senior Lien Electric Revenue Bonds, Series of 2007 | 314,810,000 | 1/2006 | Senior Lien Electric Revenue Bonds, Series of 2006 | 13,855,000 | 4/2005 | General Obligation Refunding Bonds, Series 2005A | 16,385,000 | 12/2004 | General Obligation Bonds (Taxable), Series 004A | 3,085,000 | 7/2004 | General Obligation Bonds, Series 2004 | 10,095,000 | 5/2004 | Water Revenue Bonds, Series 2004 | 750,000 | 3/2003 | General Obligation Notes | 1,650,000 | 11/2002 | Water Revenue Bond Anticipation Notes | 9,245,000 | 5/2002 | General Obligation Refunding Bonds | 78,410,000 | 9/2001 | Senior Lien Electric Revenue Bonds | 19,500,000 | 9/2000 | Subordinate Lien Electric Revenue Bonds | 10,000,000 | 9/1999 | Electric Revenue Bond Anticipation Notes | 6,460,000 | 5/1998 | Sewer Revenue Refunding Bonds, Series of 1998 | 18,755,000 | 10/1997 | Water Revenue Bonds, 1997 Series A |
KFCI has served as the financial advisor to the University of Alaska on nine series of general revenue bonds totaling $129 million since 1998.
Other KFCI clients include:
Cities of Altamont, Batavia, Marshall and Princeton, Illinois
Kodiak Island Borough, Alaska
DuPage County, Illinois Forest Preserve District
Springfield Housing Authority
Springfield Metro Sanitary District
Electric Cooperatives
Electric cooperatives face substantial interest rate risk in the financing of their generation and transmission assets. Permanent, long-term financing is often only available upon completion of the construction program – often a period as long as four years. This subjects co-ops and their rate payer owners to considerable uncertainty as to what their final electric rates will be.
KFCI has conducted interest rate risk seminars for electric cooperatives that help quantify this risk and identify options for its effective management. Clients include
Prairie Power Inc. (August 2008)
Dairyland Power, Inc. (June, 2006, January, 2006, October, 2005)
KFCI was retained by Matanuska Electric Association, Inc. to serve as an expert witness its civil suit against its wholesale power supplier. In two reports submitted to the Superior Court of the State of Alaska, 3rd Judicial District at Anchorage court, KFCI quantified the limitations and costs of a financial derivative used by Matanuska’s supplier to hedge interest rate risk relating to the refinancing of $200 million of its outstanding bonds. (May, 2001)
|