The East Bay Municipal Utility District, which provides water to 1.3 million customers around Berkeley and Oakland in California, will lead municipal borrowers today with a $400 million Build America bond sale. The utility, which plans to offer 30-year bonds, is rated Aa2 by Moody’s Investors Service and AA by Fitch Ratings, each the third-highest rank, and AAA by Standard & Poor’s, the top grade. Hawaii and the Las Vegas airport previously this week sold almost $1 billion in Build America Bonds, whose taxable interest costs are 35 percent federally subsidized.
San Francisco Bay Area Water Agency Selling Build America Bonds
Most Popular Articles
Latest Articles
The Retirement Trifecta
To retire successfully, to meet the challenges and manage the risks Boomers face, they will need to secure their own personal, Financial Trifecta.
-
Ocwen improves overall reverse mortgage performance despite volume contraction
-
Top LO Tim Potempa joins E Mortgage Capital
-
Mountain West Financial sells retail assets to ML Mortgage Corp.
-
New appraisal bias protections apply to reverse mortgage program: FHA
-
Engel & Volkers continues its expansion in Atlanta