Thread: Bond questions
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Old 06-25-2022, 08:37 PM
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Originally Posted by EdFNJ View Post
I thought you were saying all district 6 is the same and BECAUSE yours was whatever. My understanding was the rates were all supposed to be the same within a district. Evidently not unless they are mostly all listed wrong one way or the other. NOW I will call to find my SPECIFIC rate not that it really matters for me at this point, just curious.
There are different bond series in different districts, for example CDD 10 has a 2012 and a 2014 series bond (phase 1 & 2), the bonds have different rates but everyone within each series has the same rate but may have a different principal amount depending on their unit #.
CDD10 2012 bond was just reissued with a significantly lower rate (3.05% vs. its previous of nearly 6%) saving residents with phase 1 bonds significantly.

Most of the bonds issued for development in The Villages have a 10-year call and are reissued if the market conditions are good and a better rate can be achieved. Don't expect any to be reissued in the next year or two thanks to the current economy.

You can find your rate here Amortization Schedules - Sumter
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