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California Water Resources arranges $107.74 million water system bonds
By Sheri Kasprzak
New York, April 27 – The California Department of Water Resources is set to price $107,735,000 of series AV water system revenue bonds on May 10, according to a preliminary official statement.
The bonds (Aa1/AAA/) will be sold competitively with Montague DeRose & Associates as the financial adviser.
The maturities have not been set.
Proceeds will be used to refund all or a portion of the department’s series 1 commercial paper notes.
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