Upcoming Bond Sale
Published on by Water Network Research, Official research team of The Water Network in Business
2019 Sub-Series A Bonds (Refunding-Federally Taxable) (WSIP) (Green Bonds)
Bond Details
PAR AMOUNT $628,395,000
SALE DATE December 12, 2019
CLOSING DATE January 9, 2020
METHOD OF SALE Negotiated
Offering Documents
Preliminary Official Statement
FY2019 SFPUC Water Green Bond Report
Supplement to Preliminary Official Statement
Additional Information
Details are preliminary and subject to change.
2019 Series A (Green) will be a ~$630M taxable refunding of Water bonds that previously financed the Water System Improvement Program (WSIP)
WSIP projects are described in the SFPUC’s new Water Enterprise Green Bond Report that now includes project impacts, co-benefits, and alignment with the UN SDGs: https://sfwater.org/Modules/ShowDocument.aspx?documentid=14613
With this sale, the SFPUC should exceed $2 billion in CBI-certified green bond issuance (Water and Wastewater combined)
SFPUC Water Enterprise upgraded by Moody’s from Aa3 to Aa2 (S&P affirmed AA- rating)
Bonds will be marketed internationally, details included in POS
Media
Taxonomy
- Green Bonds
- Bonds