California Water Resources readies $109.39 million water system bonds

By Sheri Kasprzak

New York, Aug. 20 – The California Water Resources Authority is set to price $109.39 million of series AU water system revenue index floating-rate bonds for the Central Valley project, according to a preliminary official statement. Pricing is expected on Tuesday.

The bonds (Aa1/AAA) will be sold on a negotiated basis with Stifel, Nicolaus & Co. Inc.

The maturity date has not been set.

Proceeds will be used to refund all of the authority’s series 1 water revenue commercial paper notes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.