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San Diego County Water Authority Saves $48 Million Through Bond Refinancing

/in , , /by /Times of San Diegoby Chris Jennewein Quoted: San Diego County Water Authority

The San Diego County Water Authority announced it completed refinancing of a series of bond issues in April to save water customers $48 million in interest payments.

The savings from refinancing the Series 2021S-1 and 2021B bonds is a result of the agency’s continued strong credit ratings affirmed in March. Both issues are so-called “green bonds” to support sustainable water management and other environmental projects.

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OMWD Board to Save Property Owners $2.8 million with Bond Refinancing

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Encinitas, Calif.— At its July 24 board meeting, OMWD’s board of directors authorized the refinancing of its Reassessment District 96-1 bonds. The deal closed on July 29 and will reduce repayment costs to property owners within OMWD by approximately $2.8 million.

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