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

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.

Ratepayers Save $48 Million in Water Authority Bond Refundings

April 29, 2021 – The San Diego County Water Authority this month completed a series of bond refundings that will save ratepayers $48 million – the latest in a long series of debt refinancing moves that help reduce the cost of critical water infrastructure investments.

The savings from the refinancing of Series 2021S-1 (Green Bonds) and Series 2021B (Green Bonds) were supported by continued strong credit ratings issued in March. Green bonds are designated to encourage sustainability and to support clean water, sustainable water management and other environmental projects.