http://wiki.dehchobridgeinfo.ca/index.php?title=2008_Bonds&feed=atom&action=history2008 Bonds - Revision history2024-03-29T12:17:12ZRevision history for this page on the wikiMediaWiki 1.26.3http://wiki.dehchobridgeinfo.ca/index.php?title=2008_Bonds&diff=3157&oldid=prevNorthernRaven: link to repayment schedule2012-03-05T16:27:49Z<p>link to repayment schedule</p>
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<td colspan='2' style="background-color: white; color:black; text-align: center;">Revision as of 16:27, 5 March 2012</td>
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<tr><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"><div>The DCBC issued bonds in 2008 to finance the construction of the bridge.  The amount, known in the Concession Agreement as the [[Base Debt]], was $165,438,596.56.  The GNWT assumed liability for these bonds when it took over the Bridge project in 2010.</div></td><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"><div>The DCBC issued bonds in 2008 to finance the construction of the bridge.  The amount, known in the Concession Agreement as the [[Base Debt]], was $165,438,596.56.  The GNWT assumed liability for these bonds when it took over the Bridge project in 2010.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"></td><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>These are [[real return bonds]], where the repayment is linked to inflation.  So the listed 3.17% coupon interest rate is actually more like something over 5%, depending on what inflation is like over the next 35 years.  In current dollars (which lets us ignore the inflation adjustments), the $165 million in bonds will cost about $<del class="diffchange diffchange-inline">275 </del>million to repay, <del class="diffchange diffchange-inline">about </del>$8 million/year.  This doesn't include the various overruns in the construction budget which the GNWT is funding, currently around $26 million.</div></td><td class='diff-marker'>+</td><td style="color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>These are [[real return bonds]], where the repayment is linked to inflation.  So the listed 3.17% coupon interest rate is actually more like something over 5%, depending on what inflation is like over the next 35 years.  In current dollars (which lets us ignore the inflation adjustments), the $165 million in bonds will cost about $<ins class="diffchange diffchange-inline">297 </ins>million to repay, <ins class="diffchange diffchange-inline">an average of </ins>$8<ins class="diffchange diffchange-inline">.5 </ins>million/year<ins class="diffchange diffchange-inline">)</ins>.  This doesn't include the various overruns in the construction budget which the GNWT is funding, currently around $26 million.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"></td><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"><div>The financing was arranged by {{Wikipedia|TD Securities}}, and the bonds were purchased by the [[Ontario Teachers' Pension Fund]] and [[Sun Life Financial]].  The bonds pay interest-only until December 1, 2011, at which time semi-annual amortization payments will be made until June 1, 2046.  </div></td><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"><div>The financing was arranged by {{Wikipedia|TD Securities}}, and the bonds were purchased by the [[Ontario Teachers' Pension Fund]] and [[Sun Life Financial]].  The bonds pay interest-only until December 1, 2011, at which time semi-annual amortization payments will be made until June 1, 2046.  </div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"></td><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del class="diffchange diffchange-inline">{{Incomplete}}</del></div></td><td class='diff-marker'>+</td><td style="color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins class="diffchange diffchange-inline">A bond repayment schedule (based on information provided by the Department of Transportation) can be seen [http://www.dehchobridgeinfo.ca/BondRepayments.html here].</ins></div></td></tr>
</table>NorthernRavenhttp://wiki.dehchobridgeinfo.ca/index.php?title=2008_Bonds&diff=3035&oldid=prevNorthernRaven: updated with interest and repayment info2012-01-14T09:23:48Z<p>updated with interest and repayment info</p>
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<td colspan='2' style="background-color: white; color:black; text-align: center;">← Older revision</td>
<td colspan='2' style="background-color: white; color:black; text-align: center;">Revision as of 09:23, 14 January 2012</td>
</tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l1" >Line 1:</td>
<td colspan="2" class="diff-lineno">Line 1:</td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"><div>The DCBC issued bonds in 2008 to finance the construction of the bridge.  The amount, known in the Concession Agreement as the [[Base Debt]], was $165,438,596.56.  The GNWT assumed liability for these bonds when it took over the Bridge project in 2010.</div></td><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"><div>The DCBC issued bonds in 2008 to finance the construction of the bridge.  The amount, known in the Concession Agreement as the [[Base Debt]], was $165,438,596.56.  The GNWT assumed liability for these bonds when it took over the Bridge project in 2010.</div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">These are [[real return bonds]], where the repayment is linked to inflation.  So the listed 3.17% coupon interest rate is actually more like something over 5%, depending on what inflation is like over the next 35 years.  In current dollars (which lets us ignore the inflation adjustments), the $165 million in bonds will cost about $275 million to repay, about $8 million/year.  This doesn't include the various overruns in the construction budget which the GNWT is funding, currently around $26 million.</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">The financing was arranged by {{Wikipedia|TD Securities}}, and the bonds were purchased by the [[Ontario Teachers' Pension Fund]] and [[Sun Life Financial]].  The bonds pay interest-only until December 1, 2011, at which time semi-annual amortization payments will be made until June 1, 2046. </ins></div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"></td><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"><div>{{Incomplete}}</div></td><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"><div>{{Incomplete}}</div></td></tr>
</table>NorthernRavenhttp://wiki.dehchobridgeinfo.ca/index.php?title=2008_Bonds&diff=3015&oldid=prevNorthernRaven: Now government debt2011-09-02T15:27:18Z<p>Now government debt</p>
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<td colspan='2' style="background-color: white; color:black; text-align: center;">← Older revision</td>
<td colspan='2' style="background-color: white; color:black; text-align: center;">Revision as of 15:27, 2 September 2011</td>
</tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l1" >Line 1:</td>
<td colspan="2" class="diff-lineno">Line 1:</td></tr>
<tr><td class='diff-marker'>−</td><td style="color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>The DCBC issued bonds in 2008 to finance the construction of the bridge.  The amount, known in the Concession Agreement as the [[Base Debt]], was $165,438,596.56.</div></td><td class='diff-marker'>+</td><td style="color:black; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>The DCBC issued bonds in 2008 to finance the construction of the bridge.  The amount, known in the Concession Agreement as the [[Base Debt]], was $165,438,596.56<ins class="diffchange diffchange-inline">.  The GNWT assumed liability for these bonds when it took over the Bridge project in 2010</ins>.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"></td><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"><div>{{Incomplete}}</div></td><td class='diff-marker'> </td><td style="background-color: #f9f9f9; color: #333333; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #e6e6e6; vertical-align: top; white-space: pre-wrap;"><div>{{Incomplete}}</div></td></tr>
</table>NorthernRavenhttp://wiki.dehchobridgeinfo.ca/index.php?title=2008_Bonds&diff=53&oldid=prevNorthernRaven: placeholder2010-03-14T22:20:49Z<p>placeholder</p>
<p><b>New page</b></p><div>The DCBC issued bonds in 2008 to finance the construction of the bridge. The amount, known in the Concession Agreement as the [[Base Debt]], was $165,438,596.56.<br />
<br />
{{Incomplete}}</div>NorthernRaven