East Bay Municipal Utility, Texas, prepares $335.88 million water debt

By Sheri Kasprzak

New York, May 16 - The East Bay Municipal Utility District of California plans to price $335,875,000 of series 2014 water system revenue bonds on Thursday, according to a sales calendar.

The deal includes $131.05 million of series 2014A water system refunding revenue bonds and $204,825,000 of series 2014B water system refunding revenue bonds.

The bonds (Aa1/AAA/AA+) will be sold on a negotiated basis. Wells Faro Securities LLC is the senior manager for the 2014A bonds, and J.P. Morgan Securities LLC is the lead manager for the 2014B bonds.

Proceeds will be used to refund the district's series 2005A bonds for debt service savings.

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