Investor Relations

Bond Disclaimer

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DISTRICT OF COLUMBIA WATER AND SEWER AUTHORITY
ISSUES NEW BONDS
$377.7 MILLION OF PUBLIC UTILITY SUBORDINATE LIEN REVENUE BONDS
SERIES 2014C

On October 21, 2014, DC Water successfully priced $377.7 million of its Public Utility Subordinate Lien Revenue Refunding Bonds, Series 2014C. The primary purpose of this transaction was to advance refund a portion of the Authority's outstanding debt for debt service savings and to current refund a series of outstanding floating rate notes in advance of their mandatory put date. The advance refunding generated in excess of $50 million in gross debt service savings for DC Water's ratepayers over the life of the bonds. In present value (PV) terms, the transaction generated over $35 million (or 10%) in PV savings.

The underwriters for this issuance are Goldman, Sachs & Co, Loop Capital markets, Morgan Stanley, Siebert Brandford Shank & Co. L.L.C, TD Securities and US Bancorp.

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