What does it cost to issue IRBs?
All of the line items and figures below are estimates and are intended only as a guideline. County authority expense $500 – $3,000 Authority counsel $1,500 – $5,000 Bond counsel (private placement) $20,000 – $25,000 Trustee $1,000 – $3,000 State Treasurer’s fee $1,000 Borrower’s counsel $5,000 – $15,000 Letter of credit bond counsel $7,500 – $15,000 Underwriters counsel $7,500 – $12,500 • Attorney’s fees will vary with complexity of project. • Placement fee is a percentage of issue, usually 1%. • Letter of credit fees vary, approximately 1% per year.
