| ||
| 31.3.1999 Prices | |
| £000 |
|
EP BAFO May 1999 (based on a fixed rate bond) | 13,981 |
|
Improved debt service cover ratios and benefit of switching to an index-linked bond | (746) |
|
Information Memorandum Index-Linked model | 13,235 |
|
Further benefits of the funding competition | (228) |
|
Unitary Payment for Ambac Final Bid assuming historical Interest rates and project timing | 13,007 |
|
Ambac Final Bid | 13,007 |
|
|
|
|
Reduction in paying agency and trustee fees | (7) |
|
Agreed construction cost variations | 488 |
|
Reductions in lifecycle costs | (20) |
|
|
|
|
Unitary Payment assuming historic interest rates | 13,468 |
|
Interest rate assumptions updated at financial close |
|
|
|
|
|
Index-linked gilt reference rate 1.6% to 1.952% |
|
|
Index-linked bond spread from 1.3% to 1.63% |
|
|
Bond deposit account from 4.2% to 6.47% |
|
|
LIBOR increase to 6.5% | 569 |
|
|
|
|
Unitary Payment at financial close | 14,037 |
|
Source: Treasury Taskforce |
|
|