VIDEO: WaterWorld Weekly Newscast: San Diego Water Authority Executes Money-Saving $340M Bond Sale

Last week, the San Diego County Water Authority priced a $340 million bond sale that will reduce the cost of financing vital water supply reliability projects over the next two decades.

When completed, the transaction will re-fund $340 million in long-term, fixed-rate bonds issued in 2008 and 2010, saving the water authority $63.2 million over the life of the refinanced bonds. Closing of the sale is expected in about two weeks.