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