Featured Municipal Bond in the Market, Week of 05/23/2016
This week’s featured bond comes from the San Diego Water Utility Fund, which scheduled to issue $567 million in subordinated water revenue bonds, secured by a pledge of net revenues from the Water Utility Fund, the week of May 23, 2016. The plans for this issuance are in part for capital improvements to the water system, while the majority of funds will be used to refund outstanding water revenue bonds issued in 2009 and 2010. Specific and complete security information is available in a preliminary official statement issued by the Public Facilities Financing Authority of the City of San Diego, which can currently be found on MuniOS.
Provided at left is a quick snapshot of financial characteristics of the San Diego Water Utility Fund, compared with the sector medians for water utilities, courtesy of Merritt Research Services, LLC. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness). In addition to the Merritt information related to the featured bond, more information can be found on our municipal bond calendar, city, state, and county pages, and our employment database. These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement.