Welcome to DC Water's Investor Relations Homepage.
ANNOUNCES SUCCESSFUL SALE OF
$300 MILLION OF NEW MONEY
On July 23, 2013 the District of Columbia Water and Sewer Authority ("DC Water") announced the successful sale of $300 million of subordinate lien, fixed-rate, tax-exempt new money bonds.
The sale included $300 million of new money bonds. During the one-day order period, DC Water received $594 million of orders. Investor demand during pricing made it possible to reduce yields by one basis point. Final yield-to-call varied by coupon and maturity ranging from 4.85% in 2041 to 5.04% in 2048. The bonds were sold via negotiated sale by DC Water's financing syndicate, led by joint book-running senior managers Barclays and Loop Capital Markets, and co-senior managers BofA Merrill Lynch, Goldman, Sachs & Co., and Ramirez & Co., Inc., and co-managers Jefferies, Lebenthal & Co., LLC, and Raymond James.
The subordinate lien was rated by Moody's Investor Service (Aa3), Standard & Poor's (AA) and Fitch Ratings (AA-).
What can you find in this section?
- Series 2013A Final Official Statement (PDF 4.0 mb)
- Frequently Asked Questions
- Engineering Feasibility Report 2013 (PDF 5.7 mb)
- How To Buy DC Water Bonds
Municipal Securities Rulemaking Board
To protect investors, municipal entities and the public interest by promoting a fair and efficient municipal market, regulating firms that engage in municipal securities and advisory activities, and promoting market transparency.
- DC Water Master Indenture (PDF 1.2 mb)
- Fourteenth Supplemental Indenture (PDF 165 kb)
- DC Water Debt Policy and Guidelines (PDF 892 kb)