By Sheri Kasprzak
New York, July 15 – The District of Columbia Water and Sewer Authority sold $350 million of series 2014A public utility senior-lien revenue bonds, said a pricing sheet. The offering was upsized from $300 million.
The bonds (Aa2/AA+/AA) were sold through joint bookrunners Goldman, Sachs & Co. and Barclays.
The bonds are due Oct. 1, 2114 and have a 4.814% coupon priced at par.
Proceeds will be used to finance capital improvements to the water and sewer system.
| Issuer: | District of Columbia Water and Sewer Authority
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| Issue: | Series 2014A public utility senior-lien revenue bonds
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| Amount: | $350 million
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| Maturity: | Oct. 1, 2114
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| Coupon: | 4.814%
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| Price: | 100
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| Type: | Negotiated
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| Underwriters: | Goldman, Sachs & Co. and Barclays (lead)
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| Ratings: | Moody’s: Aa2
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| Standard & Poor’s: AA+
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| Fitch: AA
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| Pricing date: | July 10
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| Settlement date: | July 23
|
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