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California State Treasurer Fiona Ma announces $533.8 million Revenue Bond Sale for Department of Water Resources

California State Treasurer Fiona Ma announced the sale of $533.8 million in California Department of Water Resources (DWR) Water System Revenue Bonds to finance certain State Water Project capital improvements and refund previously issued debt. The refunding bonds are expected to save $20.3 million in debt service costs over the next 14 years, or $16.4 million on a present value basis. “Despite the improving economic picture, the future is far from certain. That future is challenged by the ef...
United States Fiona Ma Ted Craddock Morgan Stanley California Department Of Water Resources Moody Investors Service

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