San Francisco Public Utilities sells series A, series C green bonds

By Susanna Moon

Chicago, July 23 – San Francisco Public Utilities Commission said it priced several tranches of series A and series C green bonds, with closing set for Aug. 9.

The series A green bonds were as follows:

• $7,715,000 of series A green bonds due Oct. 1, 2022 at a price of 113.622 to yield 1.59%;

• $7.16 million of series A green bonds due Oct. 1, 2023 at a price of 116.241 to yield 1.69%;

• $6.58 million of series A green bonds due Oct. 1, 2024 at a price of 118.341 to yield 1.83%;

• $6,915,000 of series A green bonds due Oct. 1, 2025 at a price of 120.172 to yield 1.96%;

• $7.27 million of series A green bonds due Oct. 1, 2026 at a price of 121.602 to yield 2.1%;

• $7,645,000 of series A green bonds due Oct. 1, 2027 at a price of 123.169 to yield 2.19%;

• $8,035,000 of series A green bonds due Oct. 1, 2028 at a price of 123.622 to yield 2.26%;

• $8,445,000 of series A green bonds due Oct. 1, 2029 at a price of 122.263 to yield 2.4%;

• $8.88 million of series A green bonds due Oct. 1, 2030 at a price of 121.495 to yield 2.48%; and

• $9,335,000 of series A green bonds due Oct. 1, 2031 at a price of 120.637 to yield 2.57%.

The commission priced $179,145,000 of series C green bonds due Oct. 1, 2048 at par to yield 2.125%, according to a term sheet.

For non-green bond issues, the commission also sold series B revenue bonds in multiple tranches due 2022 to 2031 at prices of 113.622 to 120.637 to yield between 1.59% and 2.57%.

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