May 12, 2021 May 1, 2061 Full-support, true-direct-pay letter of credit (LOC), supported by a confirming letter of credit (CLOC) Port Royal I LLC United Fidelity Bank FSB (rating dependency*) Federal Home Loan Bank of Indianapolis (rating dependency*) The Bank of New York Mellon Trust Co. N.A. Citigroup Global Markets Inc. S&P Global Ratings assigned its 'AA+/A-1+' rating to South Carolina Jobs-Economic Development Authority's series 2021A first-lien variable-rate demand economic development revenue bonds and series 2021B second-lien variable-rate demand economic development revenue bonds, issued for Port Royal I LLC's Port Royal Village apartments project. This action reflects the issuance of irrevocable direct-pay LOCs provided by Federal Home Loan Bank of Indianapolis (FHLB Indianapolis) and United Fidelity Bank FSB, in the
