New Issue: Eastern Municipal Water, Calif., prices $54.58 million of water and sewer bonds

By Sheri Kasprzak

New York, March 22 - The Eastern Municipal Water District of California priced $54,575,000 of series 2013A refunding water and sewer revenue bonds, said an official statement.

The bonds (Aa2/VMIG 1/A-1+/AA+/F1+) were sold through Goldman Sachs & Co.

The bonds are due July 1, 2035 and bear interest initially at flexible index mode.

Proceeds will be used to refund the district's series 2008B certificates.

Issuer:	Eastern Municipal Water District
Issue:	Series 2013A refunding water and sewer revenue bonds
Amount:	$54,575,000
Maturity:	July 1, 2035
Coupon:	Flexible index mode
Price:	100
Type:	Negotiated
Underwriter:	Goldman Sachs & Co. (lead)
Ratings:	Moody's: Aa2/VMIG 1
	Standard & Poor's: A-1+
	Fitch: AA+/F1+
Pricing date:	March 19
Settlement date:	March 25

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