By Susanna Moon
Chicago, Feb. 1 – District of Columbia Water and Sewer Authority priced $100 million of series 2017A green bonds.
D.C. Water sold $59.1 million of bonds due Oct. 1, 2052 at 112.853 for an initial offering yield of 3.48% and $40.9 million of bonds due Oct. 1, 2047 at 102.677 for a yield of 3.68%, according to a term sheet.
Proceeds will be used to help fund the construction and development of tunnels for the DC Clean Rivers Project.
The underwriters are Goldman Sachs & Co, Ramirez & Co., Inc., BofA Merrill Lynch, Barclays, and Loop Capital Markets.
| Issuer: | District of Columbia Water and Sewer Authority
|
| Issue: | Series 2017A green bonds
|
| Amount: | $100 million
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 23
|
|
|
| Tranche 1
|
| Amount: | $59.1 million
|
| Maturity: | Oct. 1, 2052
|
| Price: | 112.853
|
| Yield: | 3.48%
|
|
|
| Tranche 2
|
| Amount: | $40.9 million
|
| Maturity: | Oct. 1, 2047
|
| Price: | 102.677
|
| Yield: | 3.68%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
