Western Municipal Water, Calif., eyes $50 million refunding bond sale

By Sheri Kasprzak

New York, Jan. 11 – The Western Municipal Water District Facilities Authority of California plans to price $50 million of series 2016A adjustable rate water revenue refunding bonds, according to a preliminary official statement.

The bonds (/AA+/AA) will be sold through BofA Merrill Lynch.

The maturities have not been set.

Proceeds will be used to refund the authority’s series 2009B bonds, which were issued to fund capital improvements to the water system.

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