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DC Water Announces New Bond Offering

 

$300 MILLION OF PUBLIC UTILITY SENIOR LIEN REVENUE BONDS
 
SERIES 2018A (Green Bonds) and 2018B

 

On April 17, 2018, DC Water successfully issued $300 million in tax-exempt, fixed rate bonds, which includes $100 million designated as (Series A) green bonds for Clean Rivers projects and $200 million in (Series B) bonds for general capital improvements. The all in total interest cost for the issuance was 3.90%.

The underwriters for this issuance were Goldman Sachs & Co. LLC, Barclays, BofA Merrill Lynch, J.P. Morgan, Loop Capital Markets, and Ramirez & Co.

 

Twenty-Third Supplemental Indenture of Trust

Series 2018 A (Green Bonds)/ B Preliminary Offering Statement

Moody's Green Bond (Series 2018A) Assesment